What is the primary purpose of conducting a reappraisal?

Conducting a reappraisal primarily aims to update property values for taxation. As market conditions change, property values can fluctuate significantly, which necessitates a reassessment to ensure that tax assessments reflect the current market realities. This process ensures that all property owners are taxed fairly based on the most accurate value of their property, allowing for equitable distribution of tax burdens.

While assessing property conditions may contribute to the data gathering during a reappraisal, it is not the central goal. Compliance with legal requirements might be a factor in some jurisdictions; however, it doesn't encapsulate the primary purpose. Assisting property owners is certainly a positive outcome of a well-conducted reappraisal, but it does not define its core intent. The foremost objective remains the accurate updating of property values for taxation purposes.