The US has similar capital gains exclusions and roll overs on primary residences. The transfer (“stamp”) taxes of 1-4% of the sale aren’t directly comparable. H

The US has similar capital gains exclusions and roll overs on primary residences. The transfer (“stamp”) taxes of 1-4% of the sale aren’t directly comparable. However most US locations do have property value taxes of 1-3% per year. Closer to the proposed land value tax scheme that was recommended a few years back. The other huge difference is where property depreciation and losses (negative gearing) can offset other income streams indefinitely. That doesn’t work in the us (and most economists are against mortgage tax deductions in general).