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The value of a property as determined by an appraisal after an appraisal was previously made. A reassessment usually occurs every year when a municipality orders appraisals to determine the liability for property taxes. Additionally, if a property owner wishes to dispute the value of an appraisal, he/she may request a reassessment. The reassessed value may take into account the quality of the property, values of surrounding properties, and market conditions in the area.


Reviewing or updating the value estimates of real property for the purpose of calculating ad valorem taxes.

References in periodicals archive ?
Feeling unfulfilled/in a rut would lead more East Coasters to reassess their dating life than other daters (47 percent of East Coasters versus 35 percent of West Coasters, 40 percent of Midwesterners and 41 percent of Southerners).
The Chinese banking regulator has asked banks in the country to reassess risks after the banking industry made record loan dispersals last year.
While corporate scandals and tightening regulation have caused roughly two-thirds of companies surveyed to reassess their risk management strategies, fewer than half of the companies surveyed have done so in response to the threat of terrorism, and only one in four has done so as a result of growing climatic and natural hazard risks.
The ideas discussed in, Let's Reassess Accounting Standards (JofA, May00, page 82) are, I believe, those whose time has come.
If a facility or chain has all of this in place, then what I would do in their position is to have my best clinical person and my best financial person get together to reassess the system and to redesign it the way they think works best.
A committee of earth scientists will meet next year to reassess the 1988 analysis.
Therefore, at this time, we will not reassess the dividend policy and revised sales and earnings forecast for fiscal year 2007 (April 1, 2006 - March 31, 2007) announced on September 19, 2006.
ISLAMABAD, December 09, 2011 (Frontier Star): Foreign Minister Hina Rabbani Khar on Thursday said the government had decided to reassess and re-evaluate the terms of collaboration and cooperation with the United States and NATO.
ENVIRONMENTAL health officers are today due to reassess a popular holiday park in Pembrokeshire which had to shut its food areas after being infested by rats.
Olson reassesses plan: UCLA backup quarterback Ben Olson said Tuesday's practice was his best since returning from a broken hand, but he admitted the strong play of starter Drew Olson forced him to reassess how his season will unfold.
said it will spin off its wealth-management business in Australia through a separate listing on the Australian Stock Exchange, as the group continues to reassess its strategic position following a successful turnaround in the first half of the year.
Nine years after a judge ordered Nassau County to reassess its properties because its system was so unfair, Republican leaders last week agreed to a county-wide reassessment.