Little background- bought a home in 2016 in Denver, CO and after the first 6-7 months my escrow/tax went up by around 50.00 and then by almost another 100/mo 12 months later (any advice on that would be appreciated actually). I am currently making my way through Brandon Turner's property rental book and one of my questions is, during your analysis of the property and initial estimates- how do you account for property tax - or the potential for it to eat up your cashflow at some point?
Talk to your county assessor. In our county the taxes jump substantially the year following the purchases, but then only like 1 1/2% per year after that until a fair value assessment is reached and then slight decreases every year after that.