- July 6, 2026
Dear Editor:
I read the article by Chad Raymond (July 2) regarding, “Forcing a tax correction doesn’t destroy a city,” and I think he made some very excellent points.
I’d like to amplify one point he alluded to, and that is property taxes are taxation on an unrealized gain. It’s not actually a gain at all until one sells their property.
If any government were to want to tax an investment portfolio that had increased in value, people would go crazy. But here we are paying taxes for a property value that exceeds what we initially paid.
And when those values decrease as they have in the past, the government gets to continue the taxation at that rate. It’s time for government to stop fleecing homeowners and learn to live within its means.
Steve Danson
Palm Coast
