“Revaluation” means the act of re-estimating the worth of real estate of the entire municipality using standard appraisal methods, calibration of the computer assisted mass appraisal (CAMA) tables and models, establishment of a new base year with a USPAP-compliant report, and providing for statistical testing whether by either:

1. (a) A full revaluation; or
2. (b) A full statistical revaluation. The term includes “reappraisal,” “reassessment,” and “value anew.”

Source. #12776, eff 5-9-19 (formerly Asb 301.21); ss by #13274, eff 10-14-21