A change in the estimated value of a property for realty, municipal or ad valorem tax purposes
the process of revising or updating the value estimate of property for ad valorem tax purposes
The process of updating the assessed values of real property for property tax purposes, to account for changing sales prices or construction costs In Indiana, reassessments are done periodically on a statewide basis The most recent reassessments have taken place for taxes payable in 1980, 1990 and 1996, with the next scheduled for taxes payable in 2002
The process of creating a new base for property taxation by updating assessments to reflect more recent values
If you make a reassessment of something, you think about it and decide whether you need to change your opinion about it. the moment when we make a reassessment of ourselves