Revalvointi

Revalvointi, also known as revaluation, is a process by which the value of an asset, such as real estate, is adjusted to reflect its current market worth. This process is typically carried out by governments or other entities to ensure that property taxes are fair and equitable. Revaluation can be triggered by various factors, including significant changes in property values, economic conditions, or policy decisions.

The revaluation process involves a comprehensive assessment of the properties within a given area. This assessment is usually conducted by professional valuers who use various methods, including market analysis, comparative analysis, and cost approach, to determine the current market value of each property. The results of this assessment are then used to update the property tax rolls.

Revaluation can have significant implications for property owners, as it can lead to changes in property taxes. Properties that have appreciated in value may see an increase in their tax liabilities, while those that have depreciated may experience a reduction. The goal of revaluation is to ensure that the tax burden is distributed fairly among all property owners, reflecting their respective contributions to the local economy and infrastructure.

Revaluation is a periodic process, with the frequency varying by jurisdiction. In some places, it may occur every few years, while in others, it may be a one-time event. The process can be contentious, as it can lead to disputes between property owners and local authorities over the accuracy of valuations and the fairness of tax increases. Despite these challenges, revaluation remains an important tool for ensuring the sustainability of local governments' finances and the equitable distribution of the tax burden.