Homeowners Grapple With Rising Property Taxes

This is really a problem. I live in PA, bordering NY and NJ. The housing and taxes here are relatively inexpensive compared to those states, so everyone from NY and NJ is moving here. It has caused a huge jump in property values, because they will pay anything sellers are asking because it is still cheaper than their state, and thus, an increase in property taxes. These people are buying up all of the property and work in NYC and NJ. People who have lived here all of their lives can no longer afford to buy homes because the asking prices are now so high, but wages here are much lower than NJ and NY. It has created a real culteral "chasm". There is high resentment of the out of staters coming in. I'm sure this happens in other states as well. A bill recently passed would allow school districts to opt into an Act that would enable them to reap funding from the recently passed legislation allowing gambling in PA. Theoretically, this money would decrease property taxes here (property taxes and school taxes the same here). While many educators have an ethical problem with taking gambling money to fund schools, they do know that they need to do something because people who work here can't afford the rising taxes, caused by out of staters moving in. It's a real "quagmire"

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