Property tax

[Joseph Plaugher]

Hello BP members. I was talking to a potential funding partner of mine yesterday and he asked whether the property taxes in Oregon or Washington are better (i.e. lower) for real estate investing. I looked into it and discovered they are significant in both states. 

I'm curious about how this affects cashflow. For example, for a $167,000 home in Washington State, the taxes this year are $3280, which comes out to $273 monthly. That seems like quite a chunk out of your monthly cashflow (if it were a rental). Is this typical, or do Oregon and Washington have particularly high property taxes? Perhaps you would simply avoid owning a home that expensive as a rental?

Thank you for any input or comments.

P.S. I understand this is just another expense that must be accounted for when evaluating the deal, unless there's some caveat about deducting it or something that I'm not aware of.