EXCERPT: “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, according to the annual 50-State Property Tax Comparison Study by the Lincoln Institute of Land Policy and the Minnesota Center for Fiscal Excellence. Florida is one of 10 states where local governments are required to assess parcels differently based on when they were last sold, a policy that favors longtime homeowners by limiting growth of the assessed values used to calculate tax bills. ” FULLSTORY: https://prn.to/2LreVTr