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Let's assume you bought a house at exactly the government assessed sales value
Let's say you have X% property tax per year
And you are assessed as having increase the sales value of the house by N dollars
Let's say you increased the sales value without spending any money on repair or construction or other home improvement costs to do so
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If you sell the house at the assessed sales value a certain number of years after the assessment
If ( 100 / X ) years you will have broken even
After ( 100 / X ) years you will have actually lost money
If you sell before ( 100 / X ) years you will have gained money
This maybe off by 1 year depending on how taxation is timed
This does not account for multiple assessments
You will be homeless if it is your only house and you sell it to fund your retirement wuthout buying a new house
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