Cash-out refinance in California - property tax reassessment

[Guillam Landrum]

I've owned a house in Los Angeles since 1995, and thanks to our Prop 13 it has very low property taxes.  I'd like to do a cash-out refinance, but I'm concerned that this will trigger a property tax reassessment.  I imagine in some states it would trigger a reassessment, and maybe in others it wouldn't.  So I'm hoping someone here on BP can give me a California-specific answer to the question.  I would really appreciate any thoughts.  -GL