Yeah. The tax rate that is collected whenever you buy a property and 'reset' the prop 13 timer. %1 for the base rate, plus a bunch of other one off fixed charg

Yeah. The tax rate that is collected whenever you buy a property and 'reset' the prop 13 timer. %1 for the base rate, plus a bunch of other one off fixed charges that add up to the %0.2-%0.5 rate. People who have had prop 13 properties for decades have something like a %0.3 equivalent property tax rate.