South Hadley, Massachusetts, was at the center of a high-stakes affordability fight — one that might have forced some longtime homeowners to leave altogether.
Signs posted across the college town argued for and against a plan that could raise property tax bills by as much as 50% over the next five years. A recent Wall Street Journal (1) article shared how the potential changes are affecting residents.
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“Absolutely devastating,” said 82-year-old Stephen Frantz, who worries he may have to sell his home if the measures pass.
Although South Hadley residents voted against the proposed tax hikes, they aren’t the only ones at risk. Across the U.S, homeowners who thought they were financially stable are becoming more vulnerable to rising local taxes, especially as inflation and fixed incomes collide…