“These 25 cities are losing more residents than they are gaining as population declines”
March 22, 2019
“The United States is the third largest landmass of any country in the world. Indeed, Americans have options when deciding where to live. ..
According to recent Census data, nearly a fifth of all states reported a population decline in the last two years. In many metro areas, the population decline is especially pronounced and has been a long-term trend…
For many Americans, moving to a new city involves buying a home – and property taxes can be a considerable expense for homeowners. Nationwide, homeowners pay the equivalent of about 1.1 percent of their property value in state and local taxes annually. The majority of the fastest shrinking cities are in states where homeowners pay as much or more in state and local property taxes as a share of their home value than is typical nationwide…”
To see the list of the 25 cities click the link above. Now the real question is where are these people moving to? [The answer is states with lower taxes] That’s where all the action will be.