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What is Revaluation? Revaluation is the process of performing the necessary market analysis and valuation steps in order to equalize the assessments of all properties within a municipality for the
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Revaluation is the process of reassessing the value of an asset or liability to reflect changes in market conditions.
Companies and organizations that own assets or liabilities that need to be revalued are required to file revaluation.
Revaluation can be filled out by providing accurate and up-to-date information about the assets or liabilities being reassessed.
The purpose of revaluation is to ensure that the value of assets or liabilities on the financial statements reflects their true market value.
Information such as the current market value of the asset or liability, the reason for the reassessment, and any changes in value should be reported on revaluation.
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