It sucks to have to pay more even when you don’t realize any gain.

EXACTLY
A total theft from property owners.
Value of home should be what the current owner paid for it. Pay tax based on that number.
When property sells, usually for more, the new owners tax is based on what he paid for it.
That is fair.

Most have homestead property. If it is you primary residence, no increase, or capped increase. Silly kids.

Not true

No, it apeears MOST STATES HAVE EXEMPTIONS.

"Paging dr, paging dr. You have a dead reply in the hallway, please pick it up at your earliest."

Appears*

Speaking to families in various countries, apparently most never adjusted their tax-property value equations since the early 90's, so everyones paying massively above the appropriate amount.
Realistically if your average house price in your area is 200,000, then houses at 100,000 should be almost at tax exemption

My state has personal property tax, (cars, boats) they are actually writing a law, and are developing a program to lower the values on artificially high used car prices to give people a minor break. The law extends through 2024.
Ya know, for that short term, transitory inflation.

First time buyers saw their ability to loan sink by over 50 grand...

First time buyers are loaning money?

No... they're paying cash for the whole thing... 🤪

I think you mean, they are borrowing money, not loaning! Stay in school kids!

Well it is also called a loan application at the bank.... HAHAHAHAHAHA

How young are you? It is a loan. You borrow money in the form of a loan. A banker, loans ypu money. You dont loan money to the bank. You borrow from the bank. Have fun!

It's still called a loan application... LMAO!!!!

Go ask your mom if you can loan her money. She will be expecting money FROM YOU.

Yeah, people are just lining up at the bank to loan money for them because they're so charitable.