Yes, you’re talking about right now.
In 5-10 years, if this ends up like many are predicting (and I don’t know if it will or not), you are going to see people by the hundreds or thousands appealing their property tax assessments, saying their land is effectively worthless if water is too expensive or unavailable. They’ll get denied but some of them will contest the denial and file suit. And eventually one wins in court. Then everyone contests and everyone wins. And the only land that can be taxed has water rights. And unless the farmer plans to get his alfalfa to market via helicopter, he’s gonna have to pay the taxes or the roads disappear. He’s proper F’ed.
We'll that and once the majority of the voters are affected they farming voter block won't have enough control and find themselves in a world of hurt.