don't know about CA but where I live, sale price has nothing to do with assessed value and therefore property tax. Sure, if everyone was selling their property

don't know about CA but where I live, sale price has nothing to do with assessed value and therefore property tax. Sure, if everyone was selling their property for 10 cents on the dollar that could cause a decrease in assessed value, but assessed value is based on proprty value not a specific sale price. (I work for county government and have a significant experience in how the assessor process works.)