The process of altering the relative value of a currency or other standard of exchange
After the new party took power, the government declared a revaluation of the currency in an attempt to limit runaway inflation.
A reassessment of the value or worth of something; a reappraisal or reevaluation
After the soldiers raided her farm for supplies, she was forced to a revaluation of their benefit as protectors.
The application to preserved benefits of compulsory increases in their value prior to the date of payment Provided for under the Pensions Act This term is often used also to describe any similar non-compulsory increases
An increase in the foreign exchange value of a currency that is pegged to other currencies or gold
An increase in the exchange rate for a currency as a result of central bank intervention Opposite of Devaluation
This is the mass appraisal of all property within an assessment district, municipality, county, parish, precinct, township, or ward to obtain equalization of assessed values
Revaluation is a change in the official rate at which one currency is exchanged for another or for gold Devaluation reduces the relative value of the currency and creates a mechanism for adjusting balance of payments deficits, since it lowers the price of exports abroad and raises the price of imports at home This mechanism will not function during periods of competitive devaluation when the devaluation of one currency causes other nations to follow suit
"A systematic review of the assessments of all locally assessed properties, valued as of the valuation date of the assessment roll containing those assessments, to attain compliance with the standard of assessment [a uniform percentage of value] ..." (RPTL Section 102)
A rise in the foreign exchange value of a currency that is pegged to other currencies or to gold Also called "appreciation "
Estimating the current market value of all taxable property for purposes of a new assessment A revaluation is performed to assure each property is assessed at market value and pays only its fair share of taxes