> The loss in tax revenue due to prop 13 is roughly $17bn per year. I’m not sure where you got your number. I presume that you took the HJTA cumulative tax bre

> The loss in tax revenue due to prop 13 is roughly $17bn per year. I’m not sure where you got your number. I presume that you took the HJTA cumulative tax break from that link ($528 billion) and divided it by 31 years (1978 to 2009)? If so, this is most likely an underestimate because the tax break increases over time for properties that do not change hands. Moreover, HJTA does not explain how they calculated their cumulative tax break number, and it is an old article from 13 years ago. Your estimate is far lower than the original article’s estimate based on the Census ACS, which is “$68 billion per year, or $5,200 per household”. > California lost a similar amount just to EDD fraud $31bn (probably every year). I agree that this was terrible, though I think that was a one-time event due to the relaxed unemployment application process due to COVID-19. > Let us fix fraud and corruption before raising taxes. Let’s do both. Property taxes (particularly the land portion) are not only for raising money. They also reduce inequality, reduce the incentive to speculate on underused land, make it easier for new generations to enter the market, and reduce cyclical price swings (see Henry George, Progress and Poverty).