And then, heaven forbid, you have a young family, you grow out of a house you want to buy Then you're at a much higher cost basis right there and you're paying a lot more. So They're taxing unrealized gains. And so if you're taxing unrealized gains to say you're keeping the millage rate the same, you're keeping, you're taxing higher values, people are having to pay more, but they've never sold the home at that point. (23:00–23:02)
CLAIM
Asserts that property taxes in Florida are based on unrealized gains.
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