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insane_dreamerlast Monday at 7:08 PM0 repliesview on HN

yes, we do. it's called a property tax, and it goes up based on market value regardless of whether you sold the property or not.

it is absolutely a tax on unrealized gains

and it's a huge problem to where people who bought the house long ago (or it was passed down to them) but whose income hasn't kept pace (like many people's) can't afford the increased property taxes anymore and have to move