Are all assessments or reassessments made after the first (1st) day of January of any year shall take effect on the first (1st) day of January of the current year?

False-section 221.

Date of effectivity of assessment or reassessment. All assessments or reassessments made after the first (1st) day of january of any year shall take effect on the first (1st) day of january of the succeeding year: provided, however, that the reassessment of real property due to its partial or total destruction, or to a major change in its actual use, or to any great and sudden inflation or deflation of real property values, or to the gross illegality of the assessment when made or to any other abnormal cause, shall be made within ninety (90) days from the date any such cause or causes occurred, and shall take effect at the beginning of the quarter next following the reassessment.