Rental Property with unreasonable local taxes

[Peter Raber]

I have a property in a small town in Texas, it is worth approximately 250K and I am renting out for $1700 a month. This was a former residence of mine but the taxes have recently jumped to over 7K a year. I am not sure how anyone could operate a rentals in this area with those kind of taxes? Does anyone have any idea how I could lessen my taxes on this property? Do i need to hold it under an LLC would that offset taxes?