In california prop 13 was created for older people, because their houses appreciated and could make living in their own house unaffordable. Sort of like "rent control" but for house taxes.

I think though that commercial properties got the best deal, because they can own a property for a much longer period of time.

It also gives an advantage to renting over buying, as rental properties generally have less money going to taxes than buying a new house.

I've heard from many people moving into a neighborhood, paying significantly more taxes than their neighbors, who have been there for years or decades.