[dragonwriter]

> You can make a ton of money but if you rent you pay (indirectly) the same property tax as your neighbor and the same as the tenant five years ago paying 1/2 the rent (since the same landlord has held the building the whole time and you can't re-appraise under prop 13).

You seem to be confusing SF rent control with California property tax re-appraisal rules. Prop 13 limits on the increase in tax basis value of property don't affect landlords ability to raise rents.

> If you buy, meanwhile, Googlers pay extra only to the extent property values rise.

And, because of Prop 13, not more than 1% more for that reason per year, unless they buy new property or do something else that allows an unlimited move to full market value.

[mapgrep]

>You seem to be confusing SF rent control with California property tax re-appraisal rules. Prop 13 limits on the increase in tax basis value of property don't affect landlords ability to raise rents.

Not confused on that. My point is that the guy paying 2x rent than his predecessor in the unit — rents can rise freely on vacancy under Costa Hawkins, so rent control doesn't play into this as you point out — is not contributing one extra dime in property tax, since the property tax on the building hasn't changed.

Good point on for-sale property, I didn't realize 13 held down those taxes even at sale.

[dragonwriter]

> Not confused on that. My point is that the guy paying 2x rent than his predecessor in the unit — rents can rise freely on vacancy under Costa Hawkins, so rent control doesn't play into this as you point out — is not contributing one extra dime in property tax, since the property tax on the building hasn't changed.

The property tax will change each year as the assessed value can change year to year (but only, absent a change of ownership, increase no more than 1%/year.) The only time it won't change is if the assessed value doesn't change.