Teterboro, New Jersey, remains one of America’s most unusual towns — a one-square-mile enclave with just 60 residents but $455 million in property tax wealth, equal to $7.3 million per person. Originally incorporated as a tax haven, it offers the lowest rates in the county, with most services outsourced to neighboring towns.
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500 U.S. Municipal Tax Havens
A new study by Brian Highsmith and Robert Manduca identifies more than 500 similar “municipal tax havens” across the U.S., including Beverly Hills, Sagaponack, and Indian Creek Village. These enclaves hoard property tax wealth, leaving nearby cities like Newark cash-strapped. Critics argue the system entrenches inequality and undermines fiscal fairness.
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