Assessed value lower than listing price?

[Alex Wasilchuk]

I was sent a few properties this week by an agent and I noticed on the listings they have 'assessed value.' The assessed value is was less than the listing price. For example, one listing is approx $180k and the assessed value is approx $68k.

I think I'm confusing appraised value vs assessed value based on an experience of being under contract last year and the appraisal came in under by $20k. Could someone please help me make sense of this? Thank you!!