So that's 43% of 13%, call it 5%. A far cry from 71.
And if I'm not mistaken, the city still gets that money as long as the job is located there anyways.
And if I'm not mistaken, the city still gets that money as long as the job is located there anyways.
It also stands to reason that other tax receipts will go down if people move away e.g. rents go down -> propery values assessed downwards -> taxes decrease.