I will preface it by saying that every circumstance is different. Property taxes are the last thing I really think about when property has increased like it has.Benefits of rising home values isn't what it appears for most. Now...if you're just about to retire and sell off then it's perfect.
100% depends on your circumstance.
But if you're younger and looking to stay within the same area, it's no bueno unless you're just needing a home equity loan. Otherwise all rising property values means is higher taxes, no benefit. Clearly if you just happen to be in an outlier in your area and you can buy cheaper, then you're at advantage. But given rising home prices are everywhere, it tends to be a wash for most.
I was fortunate to buy at 29 in an area I knew well and knew would appreciate. But in the last 8 years, they have really climbed.
All I was saying was that young people who were able to buy the last 10 years have a huge advantage in building wealth than those that have to rent. Sure, you will pay more to upgrade, but the current home sale will allow to put down more than 20% if you choose.