1) Land tax. Low property taxes that Californians voters passed in 1978 got capitalized into higher housing values.https://twitter.com/AaronPeskin/status/760238274384236544 …
if it was sold at the same price it was bought, 200K, I don't see why it would be taxed at that level.
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But you wanted to collect taxes on property values during ownership, i.e. the integral of the gains.
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the property values stay at 1% of assessed values from when you purchase, the value gains are taxed later.
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