reappraisal
noun [ C or U ]
/ˌriːəˈpreɪzəl/ ukusthe process of examining a situation or activity again in order to make changes to it, for example in order to make it more modern or effective:
a reappraisal of sth Extra funding necessary to cope with the impact of climate change could be raised through a reappraisal of environmental priorities.
call for/force/prompt a reappraisal of sth Demand for technology stocks has forced a reappraisal of investor attitudes towards the financial services sector.
Vets in Europe have called for a radical reappraisal of farming methods throughout the European Union.
the process of changing a calculation of the financial value of something, for example because of increases in price or interest rates:
A reappraisal of all residential property in New Orleans was ordered by the Tax Commission.
Current tax rates will remain the same pending reappraisal.