-Allow deferral of increased taxes above certain rate instead of caps, money should come from increased value upon sale
-Value of house is the shelter it provides, not what it theoretically could be sold for that day (some may have been getting priced out of their homes due to value increase causing higher taxes)
-Cashing out and moving to cheaper area has personal and neighborhood consequences
-Limit restrictions to primary residences or those who voluntairly offer lower rent
Also tax land and not improvements (discourages improvements, encourages speculation)
Also replace income tax brackets with a formula rate (many people misunderstand brackets)