This will never happen. If you want to see a single issue unite hard right wing conservatives and far left wing liberals or single handedly bring down a political party, try taking on Prop 13. Just about every homeowner in the state views this as an existential threat and will bring hellfire and damnation down on any politician that so much as mentions repealing Prop 13. Plus, there are so many other options that have a better chance at making an actual impact.
I'm much more in favor of incentivizing people to support positive change than just bringing out the big sticks. How about giving everyone in the neighboorhood a property tax credit if they vote to upzone? Or giving companies big tax breaks if they allow 50% of their workforce to work remotely (tackling both housing and transportation issues)?
That's correct, so I think the only chance we have is phased approach. Not repealing prop 13 as of now but start with excluding new homeowners from it (or at least increase limits on annual reassessments for them (from current no more than 2% a year)).
There is an idea of excluding commercial properties from Prop 13 too (I think they shouldn't have to be covered to begin with, the whole idea of prop 13 was to "keep that old lady in her house when she has retired and cannot keep up with raising expenses").
Also props 58 and 193 allow to inherit Prop 13 tax assessment by children and grandchildren (again against original idea of prop 13 to just help elderly with living in their places when retired) so Prop 13 expanded that way to became multi-generational.
We can consider excluding non-primary residences from it too.
Also in this case if you want to help someone to keep property they cannot afford then maybe tax assessment reduction should be based on new owner's income level and not on a year deceased relatives bought place
Why? I'm totally fine with a measure that helps keep fixed-income residents in their homes when property taxes would otherwise eat them alive. I see no reason why we need to keep that property tax burden affordable when that resident passes away and the property goes to their heirs, who presumably already live somewhere else, paying taxes they can afford. If they can't cover the newly-assessed property tax on their relative's residence, then they should sell it and stay where they are.
Maybe grandfather in existing property owners, but expire it when it sells. At some point the narrative has to flip to the Granny in her 1.5m home paying $1200/yr in taxes vs. the young family next door struggling with kids, student loans, and a $16k/yr property tax bill. Where's the fairness in that?
I'm much more in favor of incentivizing people to support positive change than just bringing out the big sticks. How about giving everyone in the neighboorhood a property tax credit if they vote to upzone? Or giving companies big tax breaks if they allow 50% of their workforce to work remotely (tackling both housing and transportation issues)?