Overtaxed N.J. Homebuyers Are Fleeing to This Unlikely State

nj.com

New Jersey residents are trading high taxes for mountain views.

At River Gorge Ranch, a 2,200-home development outside Chattanooga, Tennessee, 715 homes have sold — at least 25 to buyers in the northern New Jersey and New York area. California and Illinois residents have bought even more homes.

New Jersey and New York rank among the nation’s highest tax states, while Tennessee has no state income tax.