[glorgau]

I think value that a home is taxed should be “locked” when a house is bought or sold.

Not exactly. When one gets a "home equity loan", they are effectively selling their residence again. The value should be reset to the appraisal used to get the home equity loan.

[driftdiver]

“Not exactly. When one gets a “home equity loan”, they are effectively selling their residence again. The value should be reset to the appraisal used to get the home equity loan.”

No they arent selling it. They are securing a load with their property. Big difference.

The real question is what the heck is our govt doing with all this money.