Simply way around Prop 13. The property is owned by a company not a person. To sell the property you sell the company. As far as property tax was concerned the

Simply way around Prop 13. The property is owned by a company not a person. To sell the property you sell the company. As far as property tax was concerned the property hasn't changed hands. Profit. Prop 13 was never about making sure Grandma didn't get taxed out of her home, it was about making sure corporations didn't pay property tax.