Very accurate description of what happened in CA and how it got fixed. People should not be too quick to dismiss prop 13 cuz its a CA thing. It was the ability to benifit from prop 13 and raising property values that I was able to get my place in NH. Although my property taxes in NH are higher than my property taxes in CA. (I've been in my CA house for 6 yrs) One additional tax law we passed to protect our seniors is that they can elect to stay in their homes and defer their property taxes until they either sell or die, then the state will collect the back taxes. Once I retire and spend 6 months on the lake I plan to vote!
I studied the increase in tax revenue over the last 7 years in the lakes region and you can see a direct relationship to increased taxes and increased property values on the lakes, however the population increase was very minimal. Looks like many towns got hooked on that high level of revenue. Until the people vote and force the towns to stop spending it will be more of the same.
