Property tax caps also incentivize people to not move, which in a city like LA contributes to our traffic issue. If I live in Beverly Grove for 15 years, and my

Property tax caps also incentivize people to not move, which in a city like LA contributes to our traffic issue. If I live in Beverly Grove for 15 years, and my house has appreciated from $350k to $1.2M, and my new job has relocated from Century City to Pasadena (about a 20 mile difference), I may not be willing to move as my property taxes would jump substantially. Now, you're just adding another car occupying the freeway for an hour each way during rush hour.