What is the difference between reassessment and revaluation?

A revaluation and a reassessment are synonymous, A licensed revaluation company performs a revaluation and the municipal tax assessor performs a reassessment. The municipality may also elect to perform a hybrid reassessment in which a municipality would hire a licensed revaluation company to assist the tax assessor with certain aspects of the reassessment. The outcome of any of these programs is the same; all properties are assessed at 100% of market value

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1. What is a revaluation?
2. When will the program begin and end?
3. What is expected of property owners?
4. Will photographs be used?
5. Will the field inspector be able to tell me the new assessment?
6. What will the data collectors look for?
7. What if I’m not at home?
8. When will I be advised of the proposed assessment?
9. Will my assessment increase? What affect will the Revaluation have on my tax bill?
10. What is the difference between reassessment and revaluation?
11. Why does my Municipality need a revaluation?
12. What is a ratio?
13. Is a revaluation done to raise taxes?
14. How is a revaluation accomplished?