Another thing to keep in mind regarding prop 13 is that it also affects commercial real estate - commercial landlords tend to set up a company to own&#x2F;insure&#x2F;maintain a building, and then rather than selling the building they just change the beneficial ownership of the company, preserving the low property tax rates.<p>As a homeowner myself I&#x27;m being a bit hypocritical here because we bought at a low point in the market and now pay a fairly low rate of tax relative to the change in the property value, but on the other hand that outcome was the result of years of waiting for an opportunity to time the market.