[ryathal]

Many states have similar laws and they don't see the same massive real estate costs. High property cost is almost entirely demand based.

[Balgair]

I'm sorry. What other state has it so that taxes only reset upon sale?

[ryathal]

Maine, New Hampshire, Tennessee, and Vermont are the only states that don't have any limits on the increase in property taxes. California may be on the low end at 3%, but most are limiting to less than 10% growth. You can read more here https://www.kiplinger.com/taxes/property-tax-cap-by-state