The landlords' costs shouldn't affect rent prices, except when it decreases the supply of rental units. The property tax increase primarily affects buildings th

The landlords' costs shouldn't affect rent prices, except when it decreases the supply of rental units. The property tax increase primarily affects buildings that were constructed decades ago, has a very small effect on buildings that were constructed recently and has absolutely no effect on newly constructed buildings. The landlords can't go back in time and decide not to build the building and removing the existing building from the market does not let them escape the property taxes, so there shouldn't be any effect on supply.