Property assessment increased 25%. This is $65k more than I bought the home for a year ago. There is no way my home can sell for this much. What is my recourse in this situation?

I bought a home in late 2021 for $450k. The house was heavily renovated and I paid $200k more than the renovators paid. In 2022 the assessment for my house increase significantly to $415k, which I expected.

This year, I just received a notice that my assessment increased another $100k to $515k. This is significantly more than I bought the house for 18 months ago. More so, I do not believe that I could sell my house for $515k. I am now going to have to pay property taxes on another 100k, which will be about $2k a year.

What is my recourse? Can I fight the assessment or petition the city? Can I offer the assessors office a smoking deal of $450k to buy my house?

Edit:

For what it's worth...I went to my counties assessors website and pulled houses with the same bedrooms/bathrooms that sold in my city over the last 12 months. There were none that sold in my immediate area, but the town is about 50k people so it's not huge and probably doesn't make a huge difference.

The median sales price during the last 12 months was $225 a square foot. I bought my house for $167 a square foot, which is a 35% increase. I still don't buy it. I truly don't think my house could sell for $225 a square foot, but whatever. I'll keep digging and see if I can find more comparable homes.

Thanks everyone for the advice and comments.