Mike Nassour said he was stunned this year when he found out the assessed value for a rental home he owns outside Leander. He said it increased more than 57% this year, from $267,366 to $422,075. Even with taxing entities such as Williamson County and the Leander school district lowering their property tax rates, Nassour will still have to pay at least $2,000 more in taxes. Most landlords will be forced to pass these increases on to renters. Nationwide, rents in August rose 6.7% which is the highest since 1986.
Full Article here: Austin rental home owners worry about big tax increases
(512) 853-0110 or robert@AustinTxHomeSales.com
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