Does a HELOC affect your property Taxs

[Chris Thompson]

Does applying for a heloc affect your property Taxs in California? The reason I ask is because purchase price was $345,000 cash and about a year later after rehab value is around $500,000. After they appraise the home when applying  for a heloc will the new value be reported to the county  tax assessor for an increase in property taxes? Thanks in advance