Well, in some areas, but it really depends on the market - the property taxes on my home in a University city of 200,000 are 1/3 of what I was paying in rent - with the interest on my mortgage the amount of "lost" money comes out to roughly the same amount for now.
As long as property taxes do not outstrip my interest rate, that ratio should stay in my favor going forward.
As long as property taxes do not outstrip my interest rate, that ratio should stay in my favor going forward.