It sounds like the problem with Prop 13 was that it applied to all property owners. Florida has a very aggressive value increase cap, but it is tied to homeste

It sounds like the problem with Prop 13 was that it applied to all property owners. Florida has a very aggressive value increase cap, but it is tied to homestead. If the property is not your primary residence, no cap for you. As soon as you move and rent the place, your value jumps up to market. Commercial property of all stripes is completely uncapped. This protects grandma who has been living in her house for 30 years while not allowing the apartment building owner who has owned a building for 30 years to rake in the dough because the taxes are absurdly low.