Prop 13 is just homeowner fiscal responsibility. Repeal it and watch as existing homeowners are forced out of their homes onto God knows where, for factors out of their control, and in the hands of government officials who decide how much something is worth.
Also, I’m not sure how many funds this would ultimately raise. Houses will flood the market as existing homeowners can’t afford their taxes, putting downward pressure on housing costs and ultimately decrease tax revenue.
