Warning to Texas renters on property taxes: 'You're being eaten for lunch'
Watch out, Texas renters.
You may not worry about spiking property values that are forcing some Texans out of their homes.
But you are not immune.
The apartments, duplexes and homes where you live likely have skyrocketed in value and management may well be on the verge of hiking your rent — again — to cover the cost of growing property tax bills. Whether you know it or not, hundreds of dollars of your rent check are going to the property tax bill.
“Apartment complexes have remained one of the strongest categories we have,” said Jeff Law, Tarrant County’s chief appraiser. “Rents have increased, occupancy has increased, many properties have sold and many are undergoing rehab.”
Read more: https://www.star-telegram.com/news/state/texas/article229334299.html