No, property tax is basically the only direct motivation in place for home owners to vote for politicians and policies that will keep housing affordable for future generations and people who don’t already own a home. Otherwise why wouldn’t home owners want to see housing prices skyrocket in value if there’s no financial downside for them (and a giant payout when they do sell)? As mentioned in other comments, some states have tried property tax caps, and the result is creating a system of haves and have nots based entirely around who was lucky enough to buy into the market before it shot to the moon.