More likely, the government would place a lien on your property, and when you die or sell your home, the profits would be used to pay for the deferred tax, rather than simply accruing to you or your heirs.
Seems silly to me.
If you think people shouldn't have to pay extra when their land becomes more valuable, I don't see why they should still get the profits when their land becomes more valuable. That's basically socializing the costs, but privatizing the profits, which is obviously a bad thing to do.