Assessments approximate market value for loaning and tax obligations; disagreements might trigger reconsideration or new appraisals.

https://www.scribd.com/document/975492728/Residential-Realty-Attorney-in-Albany-What-Purchasers-and-Sellers-Required-to-Know-176297

Appraisals approximate market value for borrowing and taxes; disagreements may activate reconsideration or brand-new appraisals.