Property prices in CA have risen because salaries and IPOs have enabled people to compete for property.

Property owners should be able to keep an affordable tax and their home, regardless of what their home cost.

Raising property taxes based on market values, is taxing people based on how much other people want their homes.

I agree that property taxes should be reformed.

Let’s not make houses even more risky and expensive to own.

Instead, let’s fund public services in other ways, so school quality isn’t dependent on the average income bracket of the neighborhood, for example.