revaluation

American  

[ree val-yoo-ay-shuhn] / ˌri ˌvæl yuˈeɪ ʃən /

noun

1. the act or process of revaluing something.

2. a new or revised estimation resulting from revaluing.

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Example Sentences

Ministers have argued they did not have access to all the information about the impact of revaluations on individual businesses before the chancellor announced changes in her November Budget.

From BBC

Businesses had also been demanding extra support, with concerns about a looming revaluation of the non-domestic rates which are levied on premises.

From BBC

The increase in employers' national insurance contributions, the phasing out of business rate relief and a rates revaluation has also added to his costs.

From BBC

He told the BBC operators initially welcomed the Budget, but the impact of revaluations became clear within hours of the chancellor's statement.

From BBC

In its Green Budget, the Institute for Fiscal Studies described a revaluation of council tax bands as "long overdue".

From BBC