this is basically right. proposition 13 was a terrible idea, but it was sold as a measure to keep granny from being forced out of her home in a time of high inflation. it makes no sense to give the same tax breaks to commercial and industrial property.
California YIMBYProp 13 lets aging strip malls dodge taxes, ~ $6.5-11.5B, in annual subsidies—while new homes are hit with up to $157k in fees. Tax commercial property fairly, cut housing fees with the revenue, & @mnolangray.bsky.social says California could add 260k+ homes/yr www.ocregister.com/2026/06/21/n...