Just learned how much property taxes can jump after buying

I was looking at a house in Austin and the realtor showed me the current tax bill... it was based on the old owner's lower value. She said the county will reassess it after the sale, and the new bill could be 30% higher. Found this buried in the listing details, not up front. Anyone else get hit with a surprise like that after closing?

3 comments

3 Comments

harper_burns595d ago

My Austin property tax bill jumped 40% after the first year, so always budget for that.

david_palmer4d ago

Can you believe mine went up 50%?

tarar384d ago

Yeah, a 40% jump is rough. You have to expect it and put money aside each month just for taxes. It's the only way to not get blindsided.