How does residential and commercial real estate assed? Priced?

We in Saint Charles Missouri pay our government to "Assess Fair Market Value." which is used by our revenue department to generate Real Estate & Public School Taxes. So if our tax dollars are used to declare "Fair Market Value", how is it Grisly Bear Market Value is so much higher? (What the Market will Bear.)
  • August 19 2009 - Saint Charles
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