[TexasFreeper2009]

what I most dislike about property taxes is.. they go up as the value goes up.

It’s the same as if the income tax went up every year.

It put tax increases on automatic pilot.

[dragnet2]

Great point. In CA, it's so bad it's causing stagnation. Folks don't want to move to a nicer home say 10 or 40 miles away because they'll be paying CA 1% of the purchase price which is big money per month in property taxes, when you're talking about homes from 600k and up.

They can afford to move and purchase that nicer home, but don't dare because when they bought their home the sale price was say 148k and they have been paying 1% in taxes on that but now the home is now worth 640k. The new home they want is 750k. But they'd be paying 1% on that.

So they either they stay put, or head out of state. This is the choice they are left with.