[Brian Griffin]

“how and when is the value calculated? Is it the last trade price on a certain day?”

When Florida had the intangible wealth tax, we used the values in the S&P stock guide.

I believe it was the closing price on the last trading day of the prior year.

“Under $1 million, most wealth is equity in the primary residence.”

People don’t get out of college until about age 22. They probably can’t buy until at least age 24. The house won’t be paid off until age 54, by which time the exemption for the couple that owns it outright would exempt a paid up $1 million house.

I gave five examples, each showing how the exemption system would function.

[Osage Orange]

I bot my first house when I was 26 or 27...paid it off when I was 35.

You seem to think you know everything.

You don't know squat.