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 10 months ago (3 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 10 months ago (2 children)

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

[–] calypsopub@lemmy.world 1 points 10 months ago

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

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