Reply #2: Is the $260,000 the assessed value or the appraised value?

[hughee99]

I imagine if it's from public records, it's the assessed value which is almost always lower. In the case of my house, my assessed value is more than $100K less than the market value (as of 2 years ago when I refinanced). The difference between assessed and appraised value can vary significantly from place to place, though.