Isn’t that how property taxes have always been? You pay off some estimate by government of what you house value might be, but only if you actually sold it, first.
That is a complete racket.
Yup. Our house has doubled in value since we bought it. So has the tax bill.
Ignoring the fact that this type of tax should be (and maybe is) unconstitutional taxing it on a value given by the very people collecting the tax is insane.