Actually, no, it doesn't. Check the documentation.
From: Vivek Taparia [mailto:email@example.com]
Sent: Thursday, January 12, 2006 5:39 AM
Subject: Regarding Tagging in subversion.
This is regarding tagging in subversion.
If I tag it ,subversion simply stores the snapshot of the entire directory
in the TAG directory with that name.
Which occupies a lot of space, is their any other way to just keep the
delta of changes in the database with the name of tag, so we can use it
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Received on Thu Jan 12 21:14:06 2006