Property taxes in Cali are so far below what they should be because of this cap law, that property values would have to fall 75% before most homes would see their tax rates not go up in a given year. You can’t lock tax increases at 2% while the values are going up 40%, and think that when things start to go down taxes will too, you’ve set yourself up to where taxes are so far behind values that it doesn’t matter that values are falling, they are still far more than the value they are being taxed at.
Property taxes should be zero.
Either you have the ability to own your house, or you don't. The Property tax system sets up the Government as your landlord. Miss a payment, and the landlord evicts you... That is why Proposition 13 passed in the first place. Elderly homeowners could no longer afford to pay the Property taxes that the government was assessing on their houses.
The government can gouge what they want from Income taxes and/or sales taxes - but they should leave the primary home of residence alone.
Yoiu have know understanding of prop 13. Your entire argument is flat out wrong. The tax increase is only locked if one owned the house last year ( or whenever you purchased). The new owner’s tax basis is what they paid for it.