Definition of "Reassessment"

Nancy Gold

Reappraising a decision or strategy that has been made. An example is revising the
value of real estate based on new information. The valuation may be needed in contract negotiations
or tax matters. The reasons for the revaluation may be many such as recent comparable sales of
property, economic conditions, and new tax laws.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ