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> I pay property taxes on the "unrealized capital gains" of my house, and somehow I make it work Is the tax assessed value of your house actually the same or h
by antisthenes 3y ago
> I pay property taxes on the "unrealized capital gains" of my house, and somehow I make it work
Is the tax assessed value of your house actually the same or higher as its most recent market value? If something happened that would put your house market value below its tax assessed value, then you typically won't have any "unrealized capital gains" at all.
Somehow I doubt that, it usually lags true market value by at least 3-5 years.
- roflyear 3y ago> Is the tax assessed value of your house actually the same or higher as its most recent market value? Why does this matter? Set an "appraised" value of stock portfolios > $10m, make it like the "worst downturn last 100 years" or something, and it would be more fair than home appraisals, and still generate the money we need. These arguments are not in good faith IMO.