Thank you for your comment.
its value is what people are willing to pay
Very true. Being in sales, that's a concept I'm very familiar with.
some things that are intangible can affect the price
Also true. The reassessment took place when housing prices were extremely low, after the real estate bubble burst. Other homes were selling (cost per square foot) at much lower rates then the assessment. The assessor priced the home unfairly high, then used statistics like crime rate and school district to "act as if" the assessment was fair. It was criminally unfair, and I gave them the evidence. But it made no difference. It was an eye opening experience about how corrupt local government can be. I should have had a lawyer present and recorded the entire thing. But at that time I was a first time home owner, just married, one child, and caring for my elderly grandmother. Too much.
I like to remain optimistic and positive, but I also don't want to be blind. Today, as a father of six children and a husband, it's my duty to look on the horizon for potential threats. But some things are beyond my ability to control.