…I am a ‘new’ resident with non-school age children who has paid $120k in taxes over the last 4 years. And some ‘old’ 25+yr residents made a pretty penny when they sold their house to me to decamp to Florida….
Anyone who purchased property anywhere 25 years ago can sell it for more than they paid for it. BFD. Home values in 07450 did not outpace the increase of any other town. It’s called inflation. And the IRS allows a slight exemption to those selling, but does not index it for inflation.
So your point is moot. (Resident here since 1969 paying lots of taxes and never had any children in the schools). There has always been a gradual turnover/migration out of here when the typical resident moves after their kids graduate. The obvious point being made is that if you increase that level of seniors leaving (who subsidize those with school age children ) it will cost the remaining residents exponentially more.
unoccupied houses pay their taxes.