Property taxes in Austin are roughly 3% of the current value. If your monthly rent is 0.4% of current value, then over 12 months you'd pay a total of 4.8% of c

Property taxes in Austin are roughly 3% of the current value. If your monthly rent is 0.4% of current value, then over 12 months you'd pay a total of 4.8% of current value. So more than half (3 / 4.8) ie most of your rent paid would be going to pay the property taxes alone.