[copenja]

Won't forcing property taxes up just force lower income owners to move?

You buy a home in a poor neighborhood. Twenty years later the value quadruples... and now the cost of living skyrocket?

Also, would make retiring tricky.

[nradov]

Yes which is why most proposals for reforming Proposition 13 would leave the current system in place for primary residences.

[tash9]

Yeah, that's why prop 13 passed in the first place... "Oh how am I going to retire if my property taxes keep going up on my small 2br apartment in the Castro?"

[milesskorpen]

I think yes, it might. But most policies have positives and negatives.

For example, because property taxes are essentially capped, CA needs to rely more on sales taxes, which are notoriously regressive.

[rayiner]

There is no reason why the percentage rate cannot come down as the property values increase.