I am looking for some sources that talk about a relation between property tax increases leading to population decline in a city/county/state.
It would seem to me that an increase in property taxes will push the residents that are on the economic edge over it, leading to a decline in population. Over time this would reduce the number of tax payers, eventually leading to the need for another tax increase to make up for the lost revenue. In addition to driving current residents that are “on the bubble” out, the higher taxes would make it less likely for people seeking a new place to live to choose this city/county/state. Government intervention through various programs could prop this up for a while, but wouldn’t that mostly be to renters, not homeowners? It seems to me this would be a cycle that would repeat itself until some major change occurred.
I have tried searching for some sources on this topic but I have been unsuccessful to this point. Is my logic sound here? Am I missing something? Also, any actual sources would be appreciated.