[quote=jpinpb]There are few people who are paying low property taxes, especially after this last bubble.[/quote]
Not true. Here in La Jolla there are lots of people with tax basis that is a tenth of what their neighbors is. Several people on our street are original owners who paid 8-12k for their places. Their neighbors are paying taxes on a basis of 1.5 to 2.5 mil. I find that hardly a fair distribution of the tax burden.
