Yep, and it makes like very difficult for elderly folks on a fixed income.  While historical property assessments might have been stable for decades, today they could see 30% jumps. How do you plan for that? 

 property tax for primary dwelling is tyranny. 

 Theft of only the marginal appreciation of property value would be a massive improvement over the current theft rates. 

 Depends on location and your country's current level on the Weimar scale of hyperinflation. 🤡