Yikes, that would be prohibitive then in NE. For example, we successfully de-annexed from the city where our property in TN is located in 2010. They annexed the area but didn’t provide anything but taking tax money and we fought them and won, it wasn’t easy either. Our taxes thus cut in half since we only now pay county. The people who already have built homes, in the 500-600K range . . . were paying almost 6K or so per year in taxes with both city & county, now they’re paying less than half of that. I’d hate to have to pay 20-25K a year in property taxes alone in the northeast PLUS income tax. Although TN does tax investment income, not earned income.
They should eliminate the tax investment income, and double the sales tax and property tax in Shelby and Davidson counties... :-)