Texas Real Estate Tax is about $1,200 per year and it could be worth about $2,500, according to the Texas Tribune.
But it has been so expensive that most people don’t have the means to make the annual payments, which have been so high that even those who have the money can’t afford it.
“It’s so expensive to own that you can’t make the payments, so it’s been a very high cost of living, and it’s very hard to afford,” said Mike Brown, a real estate agent who lives in the city of San Antonio.
“We have to go into the market, which means we can’t get the rents we need.”
The Texas Tribune thanks its sponsors.