Unwinding prop 13:
- new home purchases get taxed at current value
- existing homeowners can trade their property tax discount for a (significant) income tax discount
- when enough of the housing stock is taxed properly, everyone gets the income tax cut
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Lots of mechanical ways to do it. The question is how you get it done politically.
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Also by exposing salient examples of unfairness (businesses with drastically different expenses because one is older, neighborhoods where mean boomers pay no taxes, etc)
Problem is that people prefer all other taxes over property tax.
Also some of the stuff that replaced it, like impact fees, are too complex for voters
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Other states have lower property taxes and income taxes. California taxes are high across the board because of bad governance.