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A comment on The next shock for homeowners: Surging property tax assessments. Parent comment

Re:The next shock for homeowners: Surging property tax asses... by masonic on Sunday May 22, 2022 @02:02AM (#31465291)
>not taxing appreciation on a home sale

That's what capital gains taxation captures.

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Re:The next shock for homeowners: Surging property tax asses... by sokoloff on Sunday May 22, 2022 @07:48AM (#31467107)
There is an exclusion amount for personal residence where capital gains are taxed at 0% federally. It’s $500K for married couples at the moment. That is likely what GP was commenting on with that clause.

https://www.irs.gov/taxtopics/tc701

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Re:The next shock for homeowners: Surging property tax asses... by listenallyall on Sunday May 22, 2022 @05:40PM (#31473085)
No, not really, as sokoloff stated, there is an exemption from capital gains tax on a primary residence up to a half-million in appreciation.
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