It means people who saved and bought a house, and who keep that house for the long haul can count on only 2% a year hikes in their property taxes. That encourages more people, not less, to buy homes there. So they do so, buy that is.

Disneyland has been there since the 1950's-drawing paying tourists all that time. A  cash anchor is more appropriate to describe Disneyland.

Freeloader? Far from it.