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The property I’m currently renting has an assessed value of $248k. A nearby comparable house just sold for $2m. It’s not unusual around here for that to be the case.

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That means that your landlord would have to spend $2M on improvements alone in order for their tax bill to 10x.

Looks like you’re right! Ref for those curious [https://leginfo.legislature.ca.gov/faces/codes_displayText.x....]

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