Tax Assessment Value Vs Price it Will Sell for?

[Leon Chappell]

Hey I have heard that the tax assessment value is always lower that what a house would sell for in good condition? Is that true?  Do they always assess it for lower than it would be worth renovated? Has anybody had any experience selling a house that wouldn't sell unless you made it available for less than assessment value?

[Russell Brazil]

There is typically no correlation between the 2. The assessment is not always below the market value. No correlation typically.