Reassessment
/ˌriːəˈsɛsmənt/
Definitions
- (n.) The process of reviewing and possibly revising a previous legal decision, tax valuation, or administrative determination.
The tax authority initiated a reassessment of the property's value after new evidence was submitted.
Forms
- reassessments
Related terms
Commentary
Reassessment commonly appears in administrative and tax law contexts, involving formal review and potential modification of prior determinations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.