National Reassessment Study

The National Reassessment Study is a comprehensive review conducted by government authorities to evaluate and update the classification, valuation, or assessment of properties nationwide. Its purpose is to ensure that property valuations are accurate and reflect current market conditions, leading to fair taxation and resource allocation. The process involves examining existing property records, market trends, and physical inspections, often resulting in adjustments to property values. Ultimately, this study helps maintain an equitable system for property taxes, promotes transparency, and ensures that revenue collection aligns with the true worth of properties across the country.