An Assessor is not an appraiser, thoght he/she could also have a backgorund in appraisal. A home's value is never ever based ont he assessed value. They are never right on the nose. They are often way high or way low. As a former Tax Assessor, homes are valued int he assessment process based on a number of factors: (1) The budget for the year (2) Sales during the prior year. So, yes, if your lender has an appraiser determine if your asking price is truly the value of the property, the appraiser will review sales that occurred in the past 3 months, and as close to the home as possible. This varies depending on whether the property is located in the city or the country. In the city an appraiser will start with 3 or 4 blocks surrounding the house. In the country they might have to go a mile or even further. The appraiser also ... only compares similiar homes. Ranches to ranches, cape cods to 1-1/2 story homes, etc. MY CONCERN IS BUYING A HOUSE IN BAY VIEW WITHOUT A BASEMENT. You probably will not live in the home forever, and the resale on a house that does not have a basement (in this part of the country) is most difficult to resell. (PS there is a home at 2962 S. KK that you should look at. Not just a rehab, but completed by an interior decorator ...) email: email@example.com if you want to talk to a Realtor(R).