Property taxes have gone up considerably the last couple of years. I’ve had to go up on all my rentals due to it. And commercial/investment property is not capped like a homestead, they can go up as much as they want each year on the valuations thus exponentially raising your taxes. I had 3 rental properties that went up by more than 40% this year. I always fight them, but they still go up regardless.

And what you’re paying for indoor boat storage isn’t bad compared to the rates I’m seeing around Galveston and Clear Lake.

 

Thanks JK...I understand the property tax increase as I own a few myself...but even at the increases I received, it is only roughly 20% of my operating cost. Out of curiosity, send privately if you don't want public, as a percentage of your overall operating expense....what was the percentage increase the property tax had on you. Example...A building that cost you $20k/month to operate. $10 of the 20K is property tax. New tax increase makes that tax $14k. Thats a 20% increase in overall operating expense. It still seems hard to me to justify 31.5%. I know there are other expenses that go up as well, but seems more like profit taking than covering off Joe.

 

My 3 rentals that went up (41%, 41% & 43.25%) comes out to an average of $1665 more per year in taxes per house, or $138.75/mo more I have to charge my tenants just to break even on the increase. Of course I’ll fight it like I always do (I’ve got several rentals) but ultimately they won’t be the same as last year. It doesn’t take much to add up quick.

I actually had a lengthy conversation with my State Rep Greg Bonnen 2 weeks ago about how the increased property taxes on investment property, without limits, only hurts the middle to low income more since they are the ones renting and the added tax increase gets passed to them. People think the property owners (whether it be home, storage or commercial rental) pay more, but the reality is it gets passed along to the basic consumer of the property, i.e. the renter. If you have the money, you’re better off building a small storage versus renting over the long term. Even if you finance it, the monthly note will be cheaper than storage if you keep it to the same size. And you’re owning and your note is locked in, unlike rental space that will always increase. Assuming you have the space to do that.

 

There might be some taking advantage of being able to raise rates. Always bad apples. Down near Rockport I'm still paying 130/month. But I think it has a lot to do with the location and taxes not going up as much where I'm at.

 

There might be some taking advantage of being able to raise rates…..

That is exactly what is happening in the specialty chemical business right now. Price increases are well above the cost of inputs. Sucks for the buyers but good for the sellers.


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I know exactly where you are talking about. My boat is there too. When I emailed the new owner with my concern he basically told me to quit crying because we weren’t paying the going price like the other units are charging in the area.………..expect to only be paying $210 for a short time……it will soon be going up again was my impression.

 

I just got notice of mine going up to $210 month.
It is at the point where it is more and more difficult to justify these rates.
If you have cheaper and availability in Rockport area, please PM me as I may look at moving.

 

Also, the cost to buy and develop property is at an all time high. So don’t expect new facilities to help with the pricing either.

 

Indoor boat storage for $160/month is a steal. $210/month for the same is cheap. We’ve been paying more than that in the Galveston area for awhile now. Enjoy it while you can.

 

I was in the same facility as the original poster. I told Andy adios. Not just for the rate increase, but for his attitude. Those that stay can expect to pay >$250/month on the next renewal.

 

yep, I got the ‘tude via email…….

 

Hey thanks folks for your responses and info. I have some 3 office space rentals in the Plano area, about 5000' each one. It went up, but not that much. With the recent propositions that appear they are going to pass for homeowner help, let's hope we can lobby enough to somewhat insulate commercial and rental property.

On a different note. I've been fishing 20+ years in the Rockport/PortAransas area. Kinda of getting tired of the commute even though we have a nice house there. I've never ever fished or even been on the water in the Galveston area. I've spent a couple days driving around looking for boat ramps and storage, but not knowing the area, I didn't really finde anything. I would actually like to move my boat here and learn to fish this area. I'm only an hour or less from where I live to Galveston and about 3 1/2 to Port A. I fish out of two boats.. A haynie 23 Big foot and a TranSport XLR8 2280.
Any suggestions on becoming acquainted with a place to launch and store withing 90 minutes of Bellaire would be really appreciated.

I don't post much here, but I read here multiple times a day....as well as the other site.

 

…..

Any suggestions on becoming acquainted with a place to launch and store withing 90 minutes of Bellaire would be really appreciated.

PM sent

 

I’m at the big fisherman. Rates are going up to $210 next month. I was ****** and looked around only find that’s what everyone else is charging… it’s gone up several times but this is the biggest increase.

 

I’m at the big fisherman. Rates are going up to $210 next month. I was ** and looked around only find that’s what everyone else is charging… it’s gone up several times but this is the biggest increase.

Same, I'm pulling mine out next month and will just leave it under the house. I can't justify $210/month when my fuel costs have gone up so much too.

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All of them have collaborated/coordinated their price increases. Do any of you evrr wonder if there might be some collusion going on? Maybe a bit of price fixing?

A rising tide floats all boats.

 

Wondered if it didn't make more sense to buy a lot and put a storage building on it. It would justify the price of a trailer and the inconvenience to be able to at least sell the lot later.

 

Y’all are spoiled at $210. There’s nothing around Galveston bay in that price range. I’d love to have y’all’s prices.

 

I am paying $235/mo. in League City just off 45 at the moment. Not terrible for the proximity to Galv and surrounding areas. Who knows when it'll go up though..

 

350 a month in Spring/Woodlands is what I pay.

 

Ouch

 

If I remember correctly, it's 28' X 12'. All enclosed with electricity.

 

That’s about right. I need a 40’ bay though and that jumps to around $300.

 

JK....the 40 ft where I am in Rockport is $270, so not much difference. My boat is 23' and fits in a 32'. I don't think they are per se overpriced, but the quick jump of 32% immediately after owner change was a bit quick. The previous owner had gone up in the last year too. So...seems like Galvez and Rockport now very similar in rates. No discount for cash or 12 months in advance. I need to move the boat here someplace as I would use it way more often.

 

All of this talk of taxes going up, at this time you do not know dollar wise how much taxes will increase. What you are basing this on is property valuation going up which is base of tax. You will not know for sure exactly how much your tax will increase until the individual taxing entities determine what their rates will be. They have not announced that yet. Last year, my valuations went up but the actual dollar amount of tax was not quite equal to the valuation increase.

Yes, they will go up but until the entities announce exactly the rate, you will not know how much. The entity may decide to reduce the rate(doubt that) or increase the rate and use the new valuation as a base therefore taxes will go up more than what you are looking at now.

 

All of this talk of taxes going up, at this time you do not know dollar wise how much taxes will increase. What you are basing this on is property valuation going up which is base of tax. You will not know for sure exactly how much your tax will increase until the individual taxing entities determine what their rates will be. They have not announced that yet. Last year, my valuations went up but the actual dollar amount of tax was not quite equal to the valuation increase.

Yes, they will go up but until the entities announce exactly the rate, you will not know how much. The entity may decide to reduce the rate(doubt that) or increase the rate and use the new valuation as a base therefore taxes will go up more than what you are looking at now.

I can calculate pretty darn close knowing what the tax rate was last year and that it rarely goes down. Using that percentage against the valuation increase and it comes out close to what my taxes are on investment properties. The past 15 years have shown that the taxing Amount is almost always the forecasted appraised value of my investment/commercial properties. And the proposed amounts have been out for weeks now, I have them on every property I own already from Galveston county. Tax amounts are going up because the central appraisal district out of Austin (it isn’t your county that’s doing this) is on a mission and have been the last few years. Values have to go up to generate more revenue without actually raising the rate. So yes, your taxes will increase. Maybe not the rate, but the dollar amount you pay.

 

Ugh, I hate to hear this. I've been looking into buying a boat and will need to store it here in Rockport. I had heard with all the new storage barns going up that the prices were coming back down. I guess not. That's disappointing.

Maybe y'all can share your experiences and who the bad actors are so we can determine who to, and not to, use?

 

Old thread of mine, but an update....Jan 2021 rate of $160 has risen again to $260.

 

Yep my 2022 rate was $185, 2023 $230 and just notified yesterday $265 I am done and will be building a boat barn on my property down south and actually put the money toward an investment.

 

All the folks down south should form a coop, build a storage area, and pay for with break even rent