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Home / Inside Tract / Property tax breaks for longtime homeowners grew rapidly last year (access required)

Property tax breaks for longtime homeowners grew rapidly last year (access required)

In Miami, Florida, someone who has owned a home for 13 years—the average duration in the city—paid about $2,800 in property taxes last year, roughly half the tax bill for a new owner of an identical home, who paid about $5,200. This discount, the result of state tax breaks for longtime homeowners, was about $450 higher in 2018 than in 2017, ...

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