3. Cherry Hills Village, Colorado
Cherry Hills Village is named after the large cherry orchards located near the original townside. This suburb is mainly residential, with a total area of 6.28 square miles.
It boasts a unique landscape of stunningly luxurious properties, custom-designed estates, and mansions complete with a picturesque mountain backdrop. In fact, the village ranks pretty high on Forbes Magazine’s list of the Top 25 Places to Retire Rich.
This Colorado town is a coveted spot for only a small, select number of seniors, as it has the lowest rate of those collecting Social Security benefits on this list—30% of its 2,200 total households. That’s perhaps because home values are pretty high. If you want to move here, you’ll have to spend more than $2.8 million on average and pay over $15,000 in property taxes per year.
In Michigan, the property tax rate is based on the selling price. So if the buyer paid $500,000, his property taxes would be around $7.000.00. Bloomfield Hills is beautiful, and its residents are wealthy. There is no downtown, so the residents go to Birmingham, Troy, or Southfield to shop. For us, if there is no downtown, it should not be called a town.