If CA matched TX on property taxes, it would raise more than billionaire tax Posted by jameslk on Sunday November 01, 2026 @12:14AM from the fortune.com dept. https://fortune.com/2026/10/31/california-billionaire-wealth-tax-prop-40-revenue-prop-13-texas-taxes/ ( 2 comments | on HN )
For everyone else, the tax base resets upon sale, and people sell and buy homes.
Surprise.