prop 13 is insane. heirs are even able to inherit their parents or grandparent's tax rate (prop 58/193). i was renting a ~$600k property, where the owner was pa

prop 13 is insane. heirs are even able to inherit their parents or grandparent's tax rate (prop 58/193). i was renting a ~$600k property, where the owner was paying $600/year in tax, and the last valuation was $60k... she actually bought the property for $150k, so I think she transfered the property tax rate from a different house (you can do that if you're 55 and older). ca's overall effective property tax rate is something like .8%, so the remaining .2% is basically subsidized by newcomers, some of who pay much more than their neighbors.