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If you want to know what the right price range is, don't look too heavily on the Assessed value.
What you want to look at, is Comparable sales.
Find houses in the same city, neighborhood and or school district, built within 10 years of this one, similar in square footage, same bedrooms and baths, and "arms lenth transactions".
That should put you on the money, if you can find 2-3 of them within the past year to 6 months.
I'd imagine you could find a website of that county that would have the comparable searches available on their assessor websites.
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