But only for tax purposes.
RE: But only for tax purposes.
Yep, think about Kamala’s plans for UNREALIZED CAPITAL GAINS.
She wants you to believe that it’s only for the mansions of the Uber rich…
Eventually, with your home worth over a million because of location and demand, YOU become the Uber rich and have to pay taxes on your home’s assessed value whether or not you’ve sold it.
“But only for tax purposes.”
To that end one can safely bet that any taxing entity that depends on property evaluations is working hard to drive those evaluations up as often as it legally can. They are hedging their bets against the very likely-hood that any successful PDJT plan to curb inflation and get capitalistic competition back in play is going to kill property values. Your school district may say you live in a $600,000 home but if no one offers over $450,000 and you take it, the school district has to take $150,000 off the tax rolls and decrease their estimated tax revenue by the resulting change.
Heh-heh ... too bad, so sad.