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What are revaluations?

What are revaluations? Here are some definitions.

Noun
  1. plural of revaluation
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Examples
Revaluations were undertaken every five years by certified government valuers from the Valuation unit of the Ministry of Land and Surveys.
Businesses still have time to make a case for lower rates and he urged owners to check their revaluations before the April 1 deadline.
There is a free exchange of ideas, the purpose of which is to stir the mind, leading to revaluations and reconsiderations.
Regular revaluations ensure that all businesses across the country are paying a fair rate taking into account changes in property values.
It also announced that decisions about future revaluations would be taken in Cardiff Bay.
Revaluations are based primarily on previous sales of comparable property.

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