Property Tax Assessment

Cross -posting here - 

Hi BP!

I own REI in Canton and got a tax bill where the property assessment was $64k in 2024, in 2026 the property assessment is $33k. Totally understand the tax assessment will be lower than market value and this is good from a tax perspective. But was curious if it has other implications - ...If tax assessment is dropping - does that mean the asset is less valuable so resale value will be lower yoy? Trying to understand if its a good market to buy more in. If appreciation is zero or negative then the strategy is more heavily focused on cash-flow.

I'm a newish REI investor so thanks for sharing your pov on this.