Tax assessor Appraisals: Fact or Fiction?

[Breelon Bryant]

I found a deal for a SFH that is selling for $56,900. 3/2 and about 1400 sqft. On the tax assessor website, it says....

Land value: 20,000

Improvement Value: 72,000

Total: 92,000

Good neighborhood

Rent is about $840

Built in 1995

Owner even willing to do owner financing for 20% DP

(Which I have)

My question is, how accurate are the tax assessor “Appraised Values” on the county Assessor websites?