If you're a home owner or land owner and just recently received your real property assessment information from your city or county assessment office, please note that this valuation is not to be considered your property's market value or appraised value.
The purpose of issuing assessments is to establish a basis for setting revenues for the respective municipality (your city or county government).
Your property's market value or appraised value is determined by an appraisal. This is a valuation which, generally, is a different value than the assessment.
Your property's appraised value may be more than the assessment number. So, if you are seeking to have renewed confidence in your "wealth", don't panic about the assessment.
Plus, the real value of your property becomes known when you sell.
See Terminology
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