What's the Value of Your Home?  
It depends on who you ask.

$ Fair Market Value -
The amount a property will sell for in an open market. 
Fair Market Value is determined by the market conditions at the time of sale.

$ Appraised Value -
Determination of value on a property, when done in a real estate transaction, usually to protect the interest of a lender. 
Appraised Value is one individual's (the appraiser) opinion.

$ Assessed Value -
Value placed on a property for the purpose of determining taxes. 
Appraised Value is determined by the city/town's tax assessor.