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by cobookman 2205 days ago
You just made buying a home that much more expensive. You think California's elected officials will keep property tax to 1% of assessed home value?

It'd be a double whammy, re-assesment to higher home values coupled with a larger % of home value being taxed.

I'd rather say starting today homes are re-assesed every 25 years to market value, or something of the sort.