Prop 13 is unfair as two homes within feet of eachother can have two vastly different tax payments. The recent buyers carry the tax load, while the people that have been “enjoying” the same govt services for decades pay far less. Govt services are not a capital investment to be enjoyed over the years. They are on-going costs that must be paid every month.
This may put downward pressure on home prices as the threat of rising property taxes may scare home buyers. If the law was structured that way.
