My property tax is 700$/year and the yearly increase is capped. I already pay less in tax than what my house is assessed at because of the cap. If I paid the as

My property tax is 700$/year and the yearly increase is capped. I already pay less in tax than what my house is assessed at because of the cap. If I paid the assessed value my taxes would be ~800$/year. In terms of inflation? Owning the house has already made that a lot less painful.