[jjav]

> Why should some whose house went from $200k to $2M be getting a tax break?

Because they bought a 200K house and budgeted for taxes on a 200K house.

The paper estimate of it being worth 2M right now doesn't change anything about the house they actually live in.

[refurb]

So you feel the right solution is to give millionaires massive tax breaks and have middle class folks who can barely afford a house pick up the slack?

It is absurd and an anomaly. Let them stay, but when the reap a $1M+ profit on the house when they sell or die, they can pony up the tax, just like everyone else.

[jjav]

> So you feel the right solution is to give millionaires massive tax breaks and have middle class folks who can barely afford a house pick up the slack?

I did not say that so I don't mean that.

If a low/middle class person buy the house they can afford to pay and live in it, they don't become millionaires just because other people around them bought houses more expensively later. They're most likely still in the same career earning that same low/middle class income. They don't have any additional money to pay much higher property taxes, they are certainly not millionaires.

Tax them after sale, sure, if the property value is still high when they sell (it might not be).

[curryst]

Which is why you let people defer them, rather than just getting rid of them.

If they budgeted for a 200k house, that turned into a 2M house, they should be ecstatic when they sell it, the government takes the property taxes and they still get to keep more than 200k.