My city has designed its property tax regime to tax younger people and recent immigrants at higher rates than older people and long-time (disproportionately white) residents. This is a genuinely villainous policy.
Key findings: CAP shifts the tax burden onto non‑capped properties The gap between market and taxable values is widening CAP creates substantial inequities among homeowners New buyers face “tax shock” Rental market inequities are significant CAP benefits are unevenly distributed