Even with the artificial constraints in many places, in the end property tax should generally be relatively independent of property value in absolute terms. E.

Even with the artificial constraints in many places, in the end property tax should generally be relatively independent of property value in absolute terms. E.g. in Oregon we have a 3% cap on assessed value, and that probably helped some people for a couple years early on after the law was passed, but over the longer term it doesn't really matter. The only effect assessed value has is on the size of your particular slice of the total tax revenue.