Re:Tesla’s headquarters will move to Austin
by neilparikh on Thursday October 07, 2021 @11:17PM
(#28795360)
> I'd be careful about directly comparing prices, real estate taxes (by rate) in Texas are significantly higher than in California.
The two are directly linked, so this makes sense. A higher property tax means that the future annual rent (real rent if you're a landlord, imputed rent if you're a owner-occupier) you get from property will be reduced, so the capitalized present value will decrease correspondingly.
The two are directly linked, so this makes sense. A higher property tax means that the future annual rent (real rent if you're a landlord, imputed rent if you're a owner-occupier) you get from property will be reduced, so the capitalized present value will decrease correspondingly.