Real Estate & Home

New Homebuyers Pay Double the Property Taxes of Longtime Owners in These 11 Cities

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New homebuyers in 11 U.S. cities pay property taxes at least double what longtime homeowners of comparable properties do, due to assessment limits that cap how quickly a home’s taxable value can rise while the owner remains in place. This disparity impacts affordability for new buyers and may distort local housing markets by incentivizing long-term ownership over selling or relocating.

Read the full article at Realtor.com Blog

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