are some properties, like churches and non-profits under assessed?
US Washington State. I saw a church for sale at $2.3 million, but the assessed value is only $540k. It seems either way undervalued or way overpriced.

Is this normal?
[{"id": "glevmmn", "text": "Tax assessed valuations have nothing to do with actual value.", "replies": [], "depth": 1}, {"id": "glex4d0", "text": "Organizations like churches that qualify for federal tax-exempt status are, by law, exempt from paying property taxes in all 50 states, so the assessed value will not be accurate. It could be the value of the land, the last purchase price, or undervalued for a myriad of other reasons.", "replies": [], "depth": 1}, {"id": "glexmb3", "text": "Sometimes. If the land is zoned for a high-rise and the market will support a fully leased building but only has a church on it and the assessors haven\u2019t caught up with the market, it could be under assessed.", "replies": [], "depth": 1}]