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Dictionary:

Reassessment


n. (rē`ăs*sĕs"ment

A renewed or second assessment.


 
 
Investment Dictionary: Reassessment

The process of re-determining the value of property or land for tax purposes.

Investopedia Says:
Property is usually reassessed on an annual basis. You may request a "reassessment" if you disagree with your assessment.


 
Business Dictionary: Reassessment

In general: reviewing a policy or a decision.

Real estate: process of revising or updating the value estimate of property for Ad Valorem tax purposes. Local property tax assessors are required to periodically conduct a reassessment of all property. Value estimates are revised based on recent sales and other data, and tax assessments are based on the new estimates.

 

The process of revising or updating the value estimate of property for Ad Valorem Tax purposes.
Example: Local Property Tax assessors are required to periodically conduct a reassessment of all property. Value estimates are revised based on recent sales and other data, and tax Assessments are based on the new estimates.

 
Word Tutor: reassessment
pronunciation

IN BRIEF: n. - A new appraisal or evaluation.

 
 

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Dictionary. Webster 1913 Dictionary edited by Patrick J. Cassidy  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
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