I think the word you are looking for here is "tax". Currently rising property values are created by the people who live and work in the city, but the value its

I think the word you are looking for here is "tax". Currently rising property values are created by the people who live and work in the city, but the value itself is captured by incumbent landowners who largely live outside the city and haven't had their property tax assessments adjusted in over 30 years. Taxing rent fixes this problem and erases the stupidity of Prop 13.