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EXCERPT: “A study of state tax regimes reveals that new homebuyers are disadvantaged in many US states. The research found that in Los Angeles for example, a new owner of a median-valued home pays around $7,000 per year in property taxes, while someone who’s owned an identical home for 14 years pays just $4,000 per year. The annual 50-State Property Tax Comparison Study by the Lincoln Institute of Land Policy and the Minnesota Center for Fiscal Excellence, found that of the ten American cities with the greatest discrepancy in taxes paid by new homeowners and longtime homeowners, six are in California and two are in Florida. That’s due to state laws limiting reassessment.” FULLSTORY: http://bit.ly/2J6irhn

REPORT: http://bit.ly/2HcXNLW