That’s an argument for controlling tax rate increases for one home owner, it’s not a great argument for why people should be able to pass on their tax rates to

That’s an argument for controlling tax rate increases for one home owner, it’s not a great argument for why people should be able to pass on their tax rates to their children. The cumulative effect of prop 13 has been to create a landed aristocracy in California cities who have millions of dollars in real estate and pay almost nothing on it purely because of who their parents were. This situation is even worse when the real estate is rentable, and the owners can collect 2019 rent and pay 1970 tax rates.