Help on property tax calculation

[Sam Shirazi]

Hi All,

So I just closed on a property in Austin (needless to say had to overpay to outbid) but wanted to ride the appreciation over next 3-5 years with atleast break even strategy for CoC.

I am a bit worried on property taxes so need some clarification from folks on BP. So this particular area has a tax rate of 2.1%...the assessed value of the home in 2020 was 226K $, but the home was listed for 275K and I ended up paying 302K to get it. So for 2021 onwards will my property taxes be 2.1% of 302K?

I also heard property taxes keep climbing up but rents dont go up to offset it. How are investors dealing with this situation?

Thanks