The legal framework in an effective assessment system requires ________ reappraisals.

• A. annual
• B. biannual
• C. quarterly
• D. monthly

Answer: (B)

Regular reappraisals keep property values aligned with current market conditions and help ensure fairness across all property owners. The legal framework in an effective assessment system sets a defined cycle for these updates. A biennial schedule—reappraisals conducted every two years—provides a practical balance: it updates values to reflect market movement without the higher cost and administrative burden of more frequent revaluations. Monthly or quarterly updates would be needlessly disruptive and costly for a full revaluation, while an annual cycle might not keep pace with market changes in some areas. So, the two-year interval is the interval the framework envisions.