Just to clarify some comments on this thread:
- tax assessments have NO correlation to market value.
- Realtors DO NOT value property like appraisers do. Appraisers are licensed and certified to arrive at an opinion or estimate of value. They are held to a strict code of conduct in performing appraisals (i.e. Uniform Standards of Professional Appraisal Practice). In some cases, real estate agents may not have a good grasp on the market or valuation principles.