It's the standard pattern of corporate activism, dividing people into groups and encouraging them battle one another. The outraged people demand more oppression on the other group to level the playing field, and invent justifications like how it would be economically sensible to make longtime residents move out of their family homes by raising the taxes to reflect an imagined paper asset valuation - in other words even if you own your home outright, you still shouldn't be able to escape the economic treadmill (the crab bucket mentality in action). The people in the crosshairs then have to fight back to keep what they have, while the corporations escape most scrutiny. When the conflict boils over to the point where a law might be passed, the corporations pay off the politicians to grant them an exception, and continue unhindered.

Heck, our whole system is set up this way. For example why is it even taken as some given that property taxes need to continually go up in the first place?! The setup has been made big enough such that most people won't work to understand the whole thing to critique it, instead giving up to focus on the individual actors they most strongly perceive. The overall situation becomes "nobody's fault" and just the way things are - oppression by construction while us plebs fight over scraps.

It's even worse than that. You can create a holding company for the building, then just sell the company. Since there's no sale of the property itself, the property taxes are locked in forever at a low rate.

This is an article about homeowners. Simply because gas stations and golf courses also get a big stupid tax cut doesn't mean anything goes for residential investors.