What risk that Refi will trigger Reassessment?

[neclark]

My wife & I were each home-owners before we met- and married; I've
refinanced my LB home twice, and she her LA home once - but under non-
prime conditions. I've needled her for years to refi to save monthly $
$, and rates have dipped enough that her resistance is weakening.

But she's carrying lots of old (suspect) warnings from past
experiences, and "advice" from acquaintances. The latest to surface is
that, because of the substantial appreciation of her home above
purchase-price, that a refi that requires an appraisal will result in
the higher value being recorded by the bank - and reported to the Tax
Assessor - and resulting in substantially higher taxes.

I doubt this, because (1) I've never seen higher taxes due to refis;
(2) there have been no substantial value-improving improvements to the
property, & (3) because there is no sale event (change of ownership)
to trigger reassessment. Is this at all a concern - and if so, to what
degree?

A related question, though - would adding either of our names to the
title of the other's property be deemed a "quasi-sale" - and justify
reassessment?.

Neil in Long Beach