Frequently, sellers and buyers, and even their Realtors, confuse the terms “Assessment,” “Appraisal,” and the actual “Market Value” of a home. For instance, a buyer considering a home that is listed for $300,000 will research the public tax records and note that the “tax assessment” is only $250,000 and concludes that this must be the “market value” of the home. The buyer then constructs his / her offer accordingly only to be disappointed when the offer is rejected.