01/30/2026
Property tax is just a tax on unrealized gains and I'm tired of pretending it's not.
You buy a house for $300k. Years later, market goes up, assessor says it's worth $600k now. Boom—your tax bill jumps, even though you haven't sold a damn thing, pulled equity, or seen a dime of cash from that "gain." You're paying every year on paper wealth that only exists on Zillow or some county spreadsheet.