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Updated almost 6 years ago on . Most recent reply

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979
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
952
Votes |
979
Posts

Tenants and property tax increases

Costin I.
  • Rental Property Investor
  • Round Rock, TX
Posted

Our City Council just set tax rate for FY 2019 - According to a presentation from the city, at Round Rock’s median home value of $241,538, a homeowner would pay about $85 per month more in property taxes to the city under the new tax rate ($1,020 more annually).

Questions:

  1. Do you inform your tenants of property tax increases, in order to prepare them for associated rent increases coming up at renewal and/or to soften the "surprise" of such rent increases?
  2. Do you use a tax-escalator clause in your leases?
  3. How do you otherwise deal with the continual and accelerated increase of property tax for your rentals?
Thanks 

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