[mahyarm]

I just want to note the real killer about prop 13 is not the property tax rate limit being at %1-%2, but that property tax assessments cannot grow beyond %2 per year. It's rent control for property owners. It takes 35 years for a $100'000 house to become assessed for almost $200'000.

This causes long term property owners to pay very minimal property tax bills compared to recent owners and create effective property tax rates of %0.2 or less. Prop 13 also incentives owners to never sell, which causes supply problems and increases the price even more.

There are many US states that have property tax rates lower than california, but do not have the "prop 13" problem. King county in seattle is one example.