Neighborhood a few minutes from me has an insane tax rate. It comes to $1000 a month for a $325k house.
Keeps the riffraff away...and me...but they can afford their roads so...
Keeps the riffraff away...and me...but they can afford their roads so...
My in-laws spend more than that but their home is worth more. They've owned it free and clear for like 20 years but they are getting out this year.
Their city used to be full of families, much higher values, lots of great local businesses and some big business headquarters. That's all gone and it's not desirable at all.