What are you getting away with? Paying less for schools and common infrastructure than your neighbors who bought in the last decade. They're probably paying 3X more tax than you are, right?
How will increasing it help? For one, it would have forced you to sell and move since you have limited interest in living there. You’re not entitled to live where you want just because you were born first. Property taxes specifically exist so that there isn’t a perpetual inheritance of land with no incentive to relinquish it.
And you're not entitled to send men from the government to take my house. (As was done to my grandparents in 1929. See: https://www.jewishvirtuallibrary.org/history-of-jewish-settl... )
When I think of all the people living in their cars around Oakland, raising property taxes and pooling them into social services is something I favor. Highest income is misleading. Lots of people work retail or similar and will never own a home.
> I live in CA about 8 months/year, and spend the Feb-May in Tel Aviv.
I think this speaks to privilege. I’m not saying it’s unearned, I don’t know you. I do agree that more dense housing is badly needed.
The insanely low real estate tax increases over time make California real estate investments more appealing to small scale investors. Especially overseas.
The median property tax paid by homeowners in NY State -- a state with no "Prop 13" is $5,865 (according to facts I just googled).
What, exactly, am I getting away with? How will increasing property taxes in a state with the highest income and sales tax solve the housing crisis?
They need to build more housing, and more dense housing.
I live in CA about 8 months/year, and spend the Feb-May in Tel Aviv. We're actively looking to move our U.S. home to Nashville, TN.