And the person who bought the home in Palo Alto in 1981 is only paying 1/5 of the property taxes as the person in a comparable home who bought recently. Califo

And the person who bought the home in Palo Alto in 1981 is only paying 1/5 of the property taxes as the person in a comparable home who bought recently. California is really the epitome of having a tax code favoring land owners and the older generation over those relatively new to the job market.