You just made buying a home that much more expensive. You think California's elected officials will keep property tax to 1% of assessed home value? It'd be a d

You just made buying a home that much more expensive. You think California's elected officials will keep property tax to 1% of assessed home value? It'd be a double whammy, re-assesment to higher home values coupled with a larger % of home value being taxed. I'd rather say starting today homes are re-assesed every 25 years to market value, or something of the sort.