Pinthouse Pizza
Poor Landlords
RECEIVED Tue., Sept. 13, 2022
Dear Editor,
To follow up on previous feedback concerning the article “City Hamstrung as Renters Face Crippling Costs” [News, Aug. 26], there are many obvious causes to this unaffordability problem. One of the largest drivers of increased rent is the never-ending increase in property taxes for all property owners, including landlords. How can an ongoing and compounding 10% tax increase (homesteaded properties) ever be sustainable? And in the case of landlords and apartment complexes, this tax increase number is not capped at 10% from what I understand. These outrageous taxes must be passed on to the tenant in order to survive as an operating business.
With principle & interest locked in for most landlords, don’t blame the landlord, blame the ever-increasing property tax burden. With Texas having no state income tax, it appears that high property taxes are now a major way the state government acquires your money. Property owners (and landlords in particular) are targeted with this tax burden, while other income earners are not. Our tax system & government policies are the beasts that need to be controlled.
Even though I agree with any wage increases to counteract costs, this is only a reaction to the problem. The problem is ever increasing property taxes. This needs to change for Texas to stay somewhat affordable.
To follow up on previous feedback concerning the article “City Hamstrung as Renters Face Crippling Costs” [News, Aug. 26], there are many obvious causes to this unaffordability problem. One of the largest drivers of increased rent is the never-ending increase in property taxes for all property owners, including landlords. How can an ongoing and compounding 10% tax increase (homesteaded properties) ever be sustainable? And in the case of landlords and apartment complexes, this tax increase number is not capped at 10% from what I understand. These outrageous taxes must be passed on to the tenant in order to survive as an operating business.
With principle & interest locked in for most landlords, don’t blame the landlord, blame the ever-increasing property tax burden. With Texas having no state income tax, it appears that high property taxes are now a major way the state government acquires your money. Property owners (and landlords in particular) are targeted with this tax burden, while other income earners are not. Our tax system & government policies are the beasts that need to be controlled.
Even though I agree with any wage increases to counteract costs, this is only a reaction to the problem. The problem is ever increasing property taxes. This needs to change for Texas to stay somewhat affordable.
Paul Jay