How often does reassessment occur?

Virginia Code § 58.1-3252 dictates that all Virginia counties with 50,000 or more residents must complete periodic reassessment of property values on a four year cycle. Those localities with less than 50,000 residents can operate on a six-year cycle, but since Pittsylvania County has more than 60,000 it completes the reassessment process every four years. 

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1. What is reassessment?
2. What is the purpose of reassessment?
3. How often does reassessment occur?
4. What real property is taxable?
5. Why would the reassessment team need to come in my house?
6. The reassessment team has never come into my home before - why would they need to now?
7. I received a letter saying assumptions will be applied. What does that mean?
8. Can I refuse to allow the assessors access to my property?
9. Will reassessment affect my property taxes?
10. What is fair market value?
11. How can I tell if my reassessed value is fair and accurate?