Look up Prop 13 and Prop 8, it's essentially rent control for property owners. Property tax cannot exceed 1% of the assessed value, and the assessed value cann

Look up Prop 13 and Prop 8, it's essentially rent control for property owners. Property tax cannot exceed 1% of the assessed value, and the assessed value cannot increase more than 2% a year. Prop 8 ensures that property taxes go down when the assessed values decline. The caps stay in place until the property changes hands. This applies to all property in California. Commercial? No problem. Second home? Same discounts. There's been talk about either abolishing or reforming Prop 13 via a split roll system, but it's a political third rail.