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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Critique: Enhanced with illustrations, charts, figures, a fourteen page bibliography, a three page list of contributors and their credentials, and a fourteen page index, "Shaft Tombs and Figures in West Mexican Society: A Reassessment" is a model of archaeological scholarship and while a critically important addition to community, college, and university library Archaeology Studies collections in general, it will prove to be of immense interest for students and non-specialist general readers with an interest in Mexican Archaeology in particular.
An upwards reassessment of the Oman government support assumptions in the event of a reduction of the affiliate support assumptions at the end of the review period could result in an affirmation of NBO's ratings, despite a downgrade of the minority shareholder's BCA and long-term ratings.
"As a result, the followup waiting list has been significantly reduced to 12 weeks in most cases, and the reassessment waiting list will be targeted as soon as possible.
An inspector from MPAC agreed the initial reassessment had been incorrect in some places.
Summary: Moody's Investors Service says today that over the next few weeks, it will begin a reassessment of the systemic support assumptions
And from today 1.6million people throughout the country on incapacity benefit will face a reassessment of their needs.
Summary: Rabat - Morocco's House of Representatives (lower house) on Friday called on the government to make a thorough reassessment and review of relations with Spain.
Orascom said it had 40 days to challenge the new claim after receiving notice of the reassessment. Algeria's Direction des Grandes Enterprises would then study any arguments made by the firm against the claim and issue a final reassessment.
The firm said the tax reassessment applied to the years 2008 and 2009, years when it said it had already paid its dues.
The report was a "part of a rigorous reassessment" of U.S.
PHMSA Unveils Draft "Special Permit" For Corrosion Reassessment