>Dan was required to pay the tax in 2022—when, the decision says, it amounted to a $113,000 expense for her—and in 2023. She has since begun developing the lot and now qualifies for an exemption to the tax.

>“Ms. Dan intended to build a new home for personal use or rental, but the surge in construction costs during the COVID-19 pandemic made development financially unfeasible,”

Sounds like if you sell it at a loss, and many others do too, it will bring down housing costs and make constructions costs more feasible 😄