I never understood the legal or moral rationale for having two homeowners in identical homes next door to each other paying vastly different taxes on the property, simply because one homeowner has lived there for 20 years and the other one has lived there for 20 days.
Ironically, this situation has probably accelerated California's decline as senior citizens are effectively trapped in their homes because prospective buyers of their homes would face a huge tax increase under the reassessment.
It has also artificially inflated property values.
Are you serious? Trapped in their homes? Have you ever lived in CA or do you now and know anything about this?
Anyone buying their home would not be assessed for the property taxes they saved under Prop 13. Prop 13 saved many elderly people from losing the homes they owned for many years and many of those elderly lived there until they passed on.