As my research, there are two criteria on home values. Market Value and Assessed Value. Market Value used between buyer and seller to get agree on sales price and Assessed Value is used to calculate taxes. It is more about between you and government.
Let's assume I found a house 400K (after negotiation) and it assessed value is 330K. And house is move-in condition and worth for it. All the inspections are done soever. At first look assessed values is on my side. Because I will need to pay less taxes in future.
Does it bring any disadvantages in future to have lower Assessed Value against Market Value? Does it effect anything in future while I am selling the home?