At one time but times have changed since all the libs have been moving in and bringing their crazy ideas including their inflated ideas on home prices.
There called Yankees man....yankees lol
You might also want to look at the lien date. It’s not what you property is worth now, but on the lien date. In California, the lien date is January 1st.
Prop 13 is the only sane thing we have in California. Prop 13 Caps assessment increases to 2% per year.