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Or just, you know, capital gains tax on sale.
Sweden has this, unsurprisingly perhaps. You can deduct improvement costs from the net gain though as I've just found out. Glad we've saved bills and receipts! There used to be an annual % property tax as well but that was changed to a fixed sum a while ago. Forced some older people to sell and move from areas where prices went up a lot as they couldn't afford paying property tax. Apparently, what do I know.
russmeyer
Howard
Or just, you know, capital gains tax on sale.
Admittedly this might dissuade from renovating and improving property.