The amount is held in escrow, and you get it when you close on your new house or move into the new residence.
“The amount is held in escrow, and you get it when you close on your new house or move into the new residence.”
That needs to be challenged in court. Because basically the “local entity” is charging you an exit tax, which my bet is that it’s unconstitutional. California tried unsuccessfully a few years back to force people who lived and worked here, but decided to move out of state to retire, to pay CA taxes on their retirement income. They ended up loosing in court.