That's why so many people just sell their homes as soon as their last child is out of school. There's no reason to pay the tuition -- oops, I mean the taxes -- when you're not using the schools anymore.
I think the “private school tuition” is the consequence of the high property taxes, not the cause of it. People want to live in areas where “undesirables” are priced out, and the high taxes (which primarily go to the public schools) are simply the vehicle to achieve that.
Overall, the school costs drive the property taxes to ridiculous levels across the state; the scenario I outlined above is why some areas have property taxes of $25,000 instead of the $10,000 more commonly found.
Thats is what us happening in my town. Once your last kid has a high school diploma from our high school you sell. Though many wait til the last fsfa so you dont show the gain from the house.
Been there, done that, Got the t-shirt.
I noticed, in running errands in the old neighborhood in the past month, it’s getting more, umm, diverse.
Glad we moved when we did.
If you sell your home & rent,won’t the rent payments be worse? They would go on forever. Don’t you think the rent payment is reflected from what the owner must pay in taxes? It certainly works that way where I live. Only way any of it works out for me is to live in a house that is paid off & have property tax(homestead)exemption. Not sure how many states/counties have this.