BiggerPockets Daily The States That Would Benefit the Most From the New Capital Gains Tax Proposal
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Aug 4, 2025 A new capital gains tax proposal could change the financial game for homeowners. Over 25% of U.S. homes have seen a price jump of at least $250,000. The discussion highlights how the elimination of taxes on home sales would particularly benefit high-value states. Discover which states might reallocate fortunes and the potential impacts on different property types, especially single-family homes. It's a deep dive into the numbers and implications that could reshape real estate markets across the country.
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Many Homes Saw Big Appreciation
- Over one in four U.S. homes have appreciated by at least $250,000 since last sale, and 8% by over $500,000.
- This puts millions of homeowners on the verge of significant capital gains tax savings if the proposal passes.
High-Cost States Benefit Most
- States with high home prices like California, Hawaii, and Massachusetts benefit most from eliminating capital gains taxes.
- Low-cost states like Mississippi and North Dakota see negligible gains, showing uneven tax benefit distribution.
Local Metro Home Gains Vary Widely
- Specific metros like Anaheim and San Jose show extremely high proportions of homes with large capital gains.
- Other metros such as Detroit and Philadelphia show very low shares of homes with significant gains.