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California is right at the median for % of state revenue from property tax. It's not particularly low in California at all. https://www.visualcapitalist.com/cp

• ttfkam 3y ago
  There are a lot of vacant properties where the buildings are literally being used as investments rather than living spaces. There are a LOT of housing that isn't being used due to greed and speculation. But yes, NIMBY definitely has its role as well in preventing increased density, which has all kinds of poor side effects like increased dependency on cars+insurance. Increasing the taxes, by the way, is to disincentivize the land hoarding, not specifically to increase state coffers.
• ttfkam 3y ago
  Also bear in mind that due to Prop 13 back in the 1970s, if you sit on your property for decades, your property taxes don't rise quickly. To make up the shortfall, property taxes are raised that only affect new purchases. So not only are new homes far more expensive than they have ever been, incumbent landowners pay a disproportionately lower amount of property taxes. So looking at the average tax percentage as we see in the chart you linked is not a complete economic picture.