“Revaluation” means the act of re-estimating the worth of real estate of the entire municipality using standard appraisal methods, calibration of the 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. (See Revision Note #1 at chapter heading for Rev 600) #10581, eff 5-1-14; ss by #13916, eff 3-28-24 (formerly Rev 601.40) (see Revision Note #2 at chapter heading for Rev 600)