[quote=meadandale]The $400 billion figure was the total value of assessed property in CA, last I read. It basically doubled since about 1999.[/quote]

Also incorrect. By a large margin. If the average tax collected is approximately 1% of assessed values, then the total value of assessed property in CA is more like $4.5 trillion.

C’mon folks. Think about these numbers for just a second before guessing. Zeroes and decimals will set you free.