How are property values affected by property taxes and HOA fees?

How do fixed costs impact the value of an asset? Specifically, how do I compare condo prices with wildly different HOA fees and property tax rates (e.g. NJ vs NY)?

Should I augment the price with the present value of the perpetuities? If so, what is a practical discount rate? How do I factor in uncertainties and future expectations (e.g. NJ is in deep financial trouble, maybe property taxes will rise)?