&gt; Property taxes do increase every year. What prop 13 does is that it sets the yearly increase to 2%.<p>Ah. Thanks much for the correction! Coincidentally, my rent controlled rent increases by just about 2% each and every year: <a href="http:&#x2F;&#x2F;www.sfrb.org&#x2F;Modules&#x2F;ShowDocument.aspx?documentid=1939" rel="nofollow">http:&#x2F;&#x2F;www.sfrb.org&#x2F;Modules&#x2F;ShowDocument.aspx?documentid=193...</a>