Again I can't speak for every principality across the board, but for the places I have lived, it seemed very fair. Regarding your concern, I might have been unclear, but when I said "limited property tax to 3% annual growth", I meant it can be lower, but doesn't exceed 3%. It adjusts with inflation unless inflation is over 3%, so no matter what, the owner is winning if it is their primary residence, with the caveats I previously mentioned.

Inflation adjusted though it is like a 10% increase.