Out of curiosity (I dont know Cali's rules well), how does it work in Cali as you own the place (that is, lets take out the inheritance part for a sec). If you

Out of curiosity (I dont know Cali's rules well), how does it work in Cali as you own the place (that is, lets take out the inheritance part for a sec). If your taxes go up like crazy because property value increase, are you out of luck (like most other places), or do you get to keep a lower tax rate? Because I'll admit, being kicked out of the house you bought because rates skyrocketed and all of a sudden you can't afford it anymore kind of sucks. I live on the east coast, and just 2 years after I bought a place, my taxes basically doubled. I'm privileged enough that I was able to absorb it, but most people wouldn't be able to. Coupled with a bunch of heavy repairs I had to do shortly after getting the place, plus realtor fees, most people wouldn't even have been able to afford selling it, either. So bankruptcy they'd have gone. One could say you should be sure you can absorb these hikes before you buy, but these are spikes that someone somewhere in city hall signed off on, not some kind of unpredictable random bad luck (the tax hike, not the repairs)