Well, our appraisal from the country assesor just came in . They go on " 100% of True and Fair market value " . Its up 8.3% , all on the house, land didn't change. I believe last year it was 9+ % . I am the opposite of your friends neighbor . It just signals higher real estate taxes upcoming for us. i wish the appraisal would go down instead. We'll be here nearly another decade at least.
We Are in a good location relatively close to work, school, grocery stores. At times i feel tempted to cash out, but we do not have enough equity to get another place without a new mortgage [ even if for less owed] unless it was in a shit neighboorhood, much older house, less private, super long commute, etc.