[koolba]

CA assessed value for property tax calculations is capped at 2% growth per year. So if you bought a house in the 1970s you’re never selling that thing as the tax hit on any new property annually would be much more. If anything, you keep the property, rent it out, and never do any major renovation that would trigger a full reassessment.

[briffle]

Oregon passed a ballot measure in the early 90's that is essentially the same.

A mile away I have a literal mansion that is on the market for $8m. looking up the property taxes, the house has been owned by a trust since the late 80's, and they pay less in property taxes on the mansion and 15 acres than I do for my regular house in the suburbs..

I'm don't know them, but have heard its the kids that live in the house now, but the trust didn't sell or change so taxes have been kept the same.

Also have a house down the street that has been completely vacant for 2 years now, in the middle of a housing crisis in my area. The owner passed away, and the family couldn't decide what to do with her stuff. I talked to one of them, he said the taxes are only $500/year on the place, and utilities are less than $100/month, and pretty cheap to have a crew mow the lawn weekly, till they decide what to do.

[1024core]

If you have some time to kill, this site: https://www.officialdata.org/ca-property-tax/#37.76919241859...

will show you your neighborhood's property taxes (Cali only, I think).

You will find neighborhoods where one owner is paying < $1000/year and another is paying > $30000/year

[pc86]

It's not just the West Coast, midwest suburb here and our home's previous owners only had it for a decade but we had a 60% property tax increase after buying.