Was going to put that in but you beat me to it.
I think the California Proposition 13 has led to similar problems, where the taxes on property are limited and pretty much kept at the value of the late 70’s (as long as the ownership doesn’t change) but it turns out that even the ownership change issue was played by the LA golf courses which pay a pittance in property taxes (thanks to prop 13) with respect to the true value of the real estate. Obviously over 40 plus years many members have died off and been replaced by new ones but the golf course association argued in court that like the ship of the Argonauts if you replace pieces of it over time even though it is completely replaced at the end it is still the same ship.
