That may be part of the reason but also how old is house? features etc? Have you children you are planning on using public schools for? taxes are based upon the municipal budget and most of this is usually eaten up by the schools. Taxes are also relative so value of home compared to others in the same municipality. (a million dollar home in Princeton will pay less than a million dollar home in other areas generally) You should also check into the quality of life in the area as paying little taxes but getting little benefit may not be a trade off you want to make.