The fascinating thing about Prop 13 [1] is that the Property Taxes can only increase by 2%&#x2F;year unless the property is sold, or there is a change of ownership of the entity that owns the property.  But, if the property is purchased by a group, and no member of that group owns more than 50%, then members of the group can change, and the property tax is never reset to market rates.<p>[1] <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;California_Proposition_13_(1978)" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;California_Proposition_13_(197...</a>