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Some extra color on Prop 13; a more sinister view is that it was a time bomb designed to "starve the beast" and limit tax revenues in the future.

California doesn't seem very interested in starving the beast overall. So it seems unlikely the motivation of this prop was that.

And the prevailing reason for that prop (and the reason it passed) was to keep from pricing the elderly out of their homes. Not "starving the beast".

If that was the prevailing opinion, and your goal was to limit tax revenue, you would need to get creative and Prop 13 is just that.

What time bomb? California tax receipts showed a $9 billion surplus this past tax year. The state is collecting more revenue than ever.