on it, but the tax could accumulate for when/if you do sell it.
That’s already how tax works on selling a home (in the U.S.) It’s called a Capital Gains Tax.
You can’t just raise the taxes every year for what a home is worth to the market (I mean, you can, but then if someone has retired you’re forcing them to pay more money every year as their home goes up in value). If you’re just living off of social security, you don’t have that kind of flexibility.
That’s already how tax works on selling a home (in the U.S.) It’s called a Capital Gains Tax.
You can’t just raise the taxes every year for what a home is worth to the market (I mean, you can, but then if someone has retired you’re forcing them to pay more money every year as their home goes up in value). If you’re just living off of social security, you don’t have that kind of flexibility.