[shados]

yeah, our property taxes have been skyrocketing, because the city is raising it by the max legally allowed every year AND they have votes to raise it further (usually by misrepresenting the needs to get people emotionally involved. Also renters generally think tax rates don't affect them, which is incorrect).

On the other hand, I chose to manage my own taxes instead of having the lender escrow it for me, so I get to see them separately. It helps putting things in perspective.

[epistasis]

Higher property taxes mean that less property will be hoarded, and that it's likely that real estate will be put to more productive use.

It's the rare market where rents are set according to how much it costs to provide the rental, as that would be a market that is oversupplied, and most governments work hard to prevent that from happening. In supply-constrained markets, rents are set by what the market can pay, not based on how much property taxes are or interest rates for mortgages or maintenance costs.