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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 ?
Given the egregious violation of the Cessation of Hostilities we will reassess the future prospects for cooperation with Russia," Kirby said.
A US investigation into JPMorgan's (NYSE: JPN) hiring of sons of senior Chinese officials in return for business, has forced bankers elsewhere to reassess the 'client hire' tradition commonly followed by banks, reports Reuters.
In addition, UnumProvident is offering to reassess private label, acquired and reinsured block claims, as well as claims administered on behalf of employers, from Jan.
Because the economic climate has been so poor, you should reassess the investment choices available under your government retirement plan, find out which investments are right for you now, and consider adjusting your investment mix.
These changes will force companies to reassess their business needs for temporary staff, and organizations that use "temps" as a low-cost way of filling their employment needs will have to rethink their policies, say consultants at William M.
Environmental Protection Agency (EPA) determined that, as part of its implementation of the Food Quality Protection Act (FQPA), which mandates evaluation of aggregate exposure to pesticides and cumulative health risk, it must reassess nearly 10,000 uses for hundreds of pesticides.
Global Banking News-12 April 2010-Chinese regulators asks banks to reassess risks(C)2010 ENPublishing - http://www.
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.