You would think property taxes in a retirement community would be low. It doesn’t take much of a police force when everyone is elderly, and there should be no public school costs at all when there are no children to educate.
I’ve paid property taxes to educate other people’s kids for 30 years now. It would be nice if I could opt out at some point.
Retirement communities are practically the only way to keep older people here in NJ now; I believe they do have lower taxes, but most retirees own homes outside of them. If they have to sell them anyway, why stay in NJ at that point? Many are now going to the southwest instead of the more traditional Florida route...