A huge number of residential properties are receiving massive prop 13 subsidies. Open up https://www.taxfairnessproject.org/map https://www.taxfairnessproject.o

A huge number of residential properties are receiving massive prop 13 subsidies. Open up https://www.taxfairnessproject.org/map https://www.taxfairnessproject.org/map and go poke around a random neighborhood in Palo Alto. Blue means the assessed valuation is close to the market price, while red means the assessed valuation is a tiny fraction of the market price.