reassessment

Reassessment is the process of reviewing and updating a previous evaluation or judgment, often related to property, taxes, or needs. For example, in property taxes, reassessment involves determining the current value of a property to ensure the amount paid in taxes reflects its true worth. This process helps keep assessments fair and accurate, considering any changes or improvements made. Reassessments can occur periodically or after significant changes, ensuring that valuations stay up-to-date and fair for all involved.