What does the general revision of property assessments need to coincide with?

The general revision of property assessments needs to coincide with real property assessments because it is essential that these revisions reflect the current value and condition of properties within a municipality. Real property assessments are used to determine the value of a property for tax purposes, and when properties are reassessed, it ensures that the tax burden is equitably distributed based on current market values. This process helps maintain fairness and transparency in the property tax system, ensuring that property owners pay taxes relative to their property’s current worth.

The other options, while related to the assessment process, do not directly correspond to the necessary timing and accuracy of property valuations. Annual tax assessments, for instance, can occur independently of a comprehensive revision, and sworn declarations of property values might serve as declarations by property owners but do not dictate the timing of general property revisions. Local Government audits might assess compliance or performance metrics but do not establish the requirements for timing revisions in property assessments like real property assessments do.