County Assessor Value- Could some one please explain

[Ryan Edwards]

This my be common sense to some but I have a question about the county assessors values.

There are 3 columns on my local CA site. First one is "fair cash", second is "not capped" and third is "assessed". What do the three columns mean?

My example I am wondering about has the "fair cash" and "not capped" value at $229,000 but the "assessed" value at $27,000. What's the deal with the huge difference there? And if the assessed value is its "current condition" price, is it safe to say that once I fix it up it will be worth $229,000?

Any body familiar with any of this? Thanks in advance.