No. of Recommendations: 0
I don't see any wealth tax hitting home values

I don't know about home values, but NJ has what they call a McMansion Tax. When you sell, the state collects taxes in addition to income taxes on gains over a modest sum.

Hence, you are trapped paying higher taxes. You can declare residency in another state (as with a winter home in Florida) to avoid state income tax, but if you own real estate they still get you.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.