“Revaluation” means the act of re-estimating the worth of all real estate in a 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 by either a full revaluation or a full statistical revaluation. The term includes “reappraisal,” “reassessment,” and “value anew.”

Source. #14330, eff 9-22-25, EXPIRES: 9-22-35