What is the main purpose of a revaluation, reassessment, or compliance plan?

The main purpose of a revaluation, reassessment, or compliance plan is to equalize the tax burden among property owners within a municipality. This process ensures that all properties are assessed at their current market value, which promotes fairness in taxation. When properties are revalued or reassessed, it helps to align tax bills with the actual worth of properties, thereby ensuring that individuals pay their fair share based on the value of their property. This is essential for maintaining equity in the property tax system, as it prevents any single group of property owners from being unduly burdened or favored in terms of taxation.

Other options do not align with the primary goal of revaluations and reassessments. While reducing administrative costs could be a secondary benefit, it is not the main objective. Promoting tax avoidance strategies contradicts the principles of equitable taxation, and simplifying property sales pertains more to real estate transactions rather than the assessment process itself. Thus, equalizing the tax burden stands out as the most relevant and significant purpose behind these actions.