Perhaps I'm being overly optimistic but I actually believe the tide is turning on Prop 13 and it may well get repealed in the next decade. I'd probably still be

Perhaps I'm being overly optimistic but I actually believe the tide is turning on Prop 13 and it may well get repealed in the next decade. I'd probably still bet it won't be repealed but I feel like there's a real chance. "Throwing seniors out of their homes" was effectively used to give incumbent homeowners a massive tax break. Worse, it gave Disney a massive decades-long tax break. What people often don't talk about with respect to Prop 13 is how it benefitted corporations. Corporations end up owning property in LLCs and they simply buy and sell the LLCs. This doesn't technically count as a transfer (which would trigger a revaluation for tax purposes) so Disney in Anaheim is paying a tax rate for their theme park that was capped (with 1-2% max annual increases) in the 1960s. The other horrible part is you can inherit a decades-old preferential tax rate. I mean, you wouldn't want to kick people out of their parents' home would you? California needs to be more like Texas in this regard. Reassess for property tax frequently. Allow property tax deferral for seniors who don't want to move. And there's no beneficial tax rate to inherit.