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Updated over 5 years ago,
Tenants and property tax increases
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:
- 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?
- Do you use a tax-escalator clause in your leases?
- How do you otherwise deal with the continual and accelerated increase of property tax for your rentals?