Tax-Assessed Value vs. Appraisal

[Nicholas Welch]

Hey everyone, back again already! Has anybody ever had a home appraise for below the tax assessment amount? Typically there's a pretty big discrepancy, but it's typically one that goes in the opposite direction (tax assessed is way under market value). I ask because I found a house that's selling for 100k less than tax assessed value (MLS, normal house, great condition) and am wondering if I'm most likely walking into a sweet equity deal, or if there's some more nuance y'all have fun into. Thanks in advance for any responses you have!