Re-appraisal downsides??

[Mark Brazier]

I'm looking to get my home re-appraised for leveraging purposes. I am not positive what it is assessed or appraised at currently but I paid 200k for it and I'm estimating a current appraisal of 230-250k. I am wondering if there are any increases in property taxes etc. if my home becomes more valuable through the appraisal. If there are anything else that anyone can add feel free. I'm located in Ontario.

Thanks