The story here is Prop 13. Homeowners are incentivized not to make improvements to their home, so that their property taxes remain tiny. https://en.wikipedia.o

The story here is Prop 13. Homeowners are incentivized not to make improvements to their home, so that their property taxes remain tiny. https://en.wikipedia.org/wiki/Prop_13 https://en.wikipedia.org/wiki/Prop_13