But the reassessment increases are usually capped and the tax levels should never reasses to equalize with current sales. If they did, then yes you would tax people out of their homes. Is that not what you were suggesting?
California’s problem is no concern of mine. But you are wrong about the tax structure, it actually has the effect of keeping price down. They establish a mill rate based upon about 70% to 80% of what they call value. Most tax assessment is not reliable today because it is done by a computer program. And the computer program does know if your next door neighbor is an idiot. LOL