As a relative newcomer to SD prop. 13 feels unfair. There is a way to lower the carrying costs for long term homeowners and still tax neighbors at the same rate. Compute the “savings” on a property due prop. 13 over the years and then have the town recover that money when the house is sold. The town should also lower the overall tax rate to make this revenue neutral. This would require some good money management by the town because of fluctations in the number of sales/year.
