Thank you sir for injecting some logic into this thread. A lower tax assessment is good all the way around. If anything a prospective buyer may LIKE the fact that it has a nice low tax assessment. In the meantime you will be paying less....every month. It has ZERO to do with asking/selling prices on homes.
Houses you actually live in for any period of time are not invesments except in extreme cases and that is just pure luck. People who say they "made money" on their house usually are overlooking everything they poured into it in both time and actual cash. We boaters figured that out years ago.
In my case I haven't had a re-assessment but my lovely neighbors voted in the Big Walnut slush fund tax levy and I just got a notice in the mail saying my escrow will be short and they have to raise my payment to the tune of $400 a month going forward. Big Walnut also has a school district income tax on top of our property taxes. So, it is getting out of control out here.
While we are on this topic...I was just named the Delaware County Development Coordinator for the Libertarian Party of Ohio. If you are reading this thread, yearning for a more efficient government and personal freedom and want to get involved...PM me. Doesn't matter where you live. If you are outside of Delaware I'll get you hooked up with my fellow Libs in your area. The insanity has to stop.