If it makes you feel any better then one of the main issues Gavin Newsome (the likely next Gov. of CA) has is to eliminate restrictions on annual property taxes and have them raised somewhere between 5% and 10% of assessed value.
That means as much as $100k on one of those 2br/1ba million-dollar cottages.
Well isn’t that wonderful!? That’ll collapse house prices real quickly if it gets proposed, seriously discussed in the legislature or is passed. That’s one way to get rid of California real estate millionaires.