Higher property tax rate vs lower cash flow

[Tyler Huntington]

First post in the forums so take it easy on me.

My question is.... Say a property returns 10% cash on cash, which to some, may be low.

Said property's tax rate is 2.5% purchased at $200k or $5,000 for property tax. Say I also have an effective tax rate at 20%.  I would see an additional $1k back from the Fed at the end of the year due to property's tax rate, which would push cash on cash to appx 12% or an increase of 20%

When you run the #s, would you take into account the higher than average property tax rate and the resulting higher tax deduction? Do you  agree/disagree that at least it's a constant and agree/disagree that even though the higher tax rate cuts into the return, at least its deductible which is expected year over year and don't have to account for vacancy/capex/management to get this sliver of the return?

just a thought-