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Imagine the house you live in is worth $250,000. And imagine paying "asset" taxes on that $250,000 home even though you still live there.
by aantix 6y ago
Imagine the house you live in is worth $250,000.
And imagine paying "asset" taxes on that $250,000 home even though you still live there.
- kec 6y agoisn't that literally what property taxes are?
- RobRivera 6y agoThats...not unrealized cap gains tax, at all. That's property taxes and is a real thing to home owners. My tax bill grows every year bc my home gets assessed at higher values
- nickthemagicman 6y agoBut but does the gov't pay you if the house price goes down?