[dntrkv]

You could waive fees for primary residences and tax the hell out of investment properties. I don't understand why prop 13 in California didn't work this way.

[reducesuffering]

Californians couldn't even majority vote last year to tax commercial properties at standard 1-1.5% rate, let alone investment properties...

https://ballotpedia.org/California_Proposition_15,_Tax_on_Co...