In Texas, your property tax is already somewhat two tiered. Your first home is taxed as a homestead and you get an exemption on part of the property tax. If you own a second, third, etc you have to pay the full amount and the annual increases are not capped. Im not 100% sure on the specifics as I don't own more than 1 though.

[–] Got_Bent@lemmy.world 3 points 2 years ago (1 children)

Your not homestead house will be ~$2,000 higher in taxes than if it were not homestead. Exemption is up to $100k I believe, so I'm going off roughly 2% of exemption for additional taxes.

[–] Bocky@lemmy.world 2 points 2 years ago (2 children)

And all that higher tax cost is passed directly on to tenants

[–] Riven@lemmy.dbzer0.com 4 points 2 years ago* (last edited 2 years ago)

At some point the taxes would be so high that nobody could afford to rent and the owners would lose money forcing them to sell. Which is fine. Just gotta make the taxes higher for more than x houses.

[–] calypsopub@lemmy.world 1 points 2 years ago

Bingo. Most of these tax schemes will hurt the renter, not the landlord.