My favorite loophole on Prop13 is where a Real Estate Trust can purchase a commercial property, and then sell portions of that Real Estate Trust to LLCs. Those

My favorite loophole on Prop13 is where a Real Estate Trust can purchase a commercial property, and then sell portions of that Real Estate Trust to LLCs. Those LLCs maintain their ownership percentage, but investors can buy/sell shares in that corp without triggering any of the Prop 13 change-of-ownership triggers, and therefore keeping a cap on their tax increases.