Driving up property taxes?

[James Nam]

Hey everybody --

I am tentatively looking into buying a two family home. The area I think can qualify as a B+ neighborhood. There are plans to establish a medical school in the town.

My question is: would opening something like a new med school increase or decrease property tax? I know generally education increases taxes, but this would be a private school which would create a decent amount of jobs. Being from NJ, the property taxes are already inanely high. 

Has anybody had any experience with the above scenario?

Thanks!