Drop in County Tax Assessment

[Ben Sears]

Hello BP-

I wanted to throw out a question related to local tax assessments. I recently purchased a rental on a good deal and it is currently cash flowing nicely. My question is what would cause the tax assessment to drop rather drastically in a short period of time? The current assessment on the county website lists it as $59k (13800 for land and 45200 for the structure). The previous assessment, within the past few years lists it at $78k (13800 for land and 64800 for the structure). From what I can tell, not much has change with the property itself so what types of external factors generally affect a tax assessment?