assessment

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Assess

1. To estimate the value of a property, especially for property tax purposes. For example, a county may send an assessor to one's house to assess its value and base the property tax one owes on that assessment.

2. To decide the cost of something. For example, an insurance company may assess the damage of a house fire at $120,000 and agree to pay that much toward repairs. Alternatively, the government may assess that one owes $50,000 in income tax based upon one's income the previous year.

Tax Assessment

The determination of how much a person or company owes in taxes. One usually determines one's own tax assessment by declaring one's income and capital gains from the previous year and applying the methodology the government requires to arrive at the tax liability. The government has the right to audit any tax assessment.

assessment

(1) The official valuation of property for tax purposes. (2) A one-time charge made against property owners for each one's pro rata share of the expense of repairs or improvements to be enjoyed by all of them in common,such as a condo association assessment to replace a roof,or a local government assessment to pave a dirt road. (3) Determination of the value of property in a condemnation case.

References in periodicals archive ?
In terms of bias, EQA program providers, manufacturers, and laboratories all have responsibilities.
The EQAS program is a valuable management tool devised to improve the efficiency and service of a laboratory, in particular, and a hospital in general.
In the past 2 decades, formal PT and EQA programs have become an integrated part of clinical genetics laboratory practice.
International and national EQA schemes make significant contributions for this purpose.
95) The Court had been condemning what it called "sex stereotyping" since the early 1970S, (96) and PSA, EFA, and EQA cases contain language discussing the relationship between various grooming policies and sexual stereotypes.
The EQA evaluator assigns a point value ranging from 1 to 5 for each of the 20 criteria, with a possible total of 100 points.
The leadership factor included in most models such as MBNQA, EQA, Kanji's Model, Larrache's Competitive Fitness Model, Flynn's World Class Manufacturing Model, and Koh et al Blue Chip Characteristics Model could be associated with the capability factors in resource based view of a firm.
Comparing the weighting coefficients from this study with those from the EQA model, we see that R&D receives greater weight in our study, while the EQA model places greater emphasis on project development and customer expectations.
Stellar performance results, reflecting significant and consistent improvement throughout the past five years, along with the ability to provide services which meet or exceed customer expectations, earned the department the 1999 EQA.
The European Foundation for Quality Management (EFQM) established the European Quality Award (EQA) for the first time in 1992, mainly to accelerate the acceptance of quality as a strategy for global competitive advantage, to stimulate and assess the development of quality improvement activities, and to recognize the companies in Western Europe that demonstrate excellence in the management of quality as their fundamental process for continuous improvement (considering 1994 EQA criteria only)[24].
It would be expected that UK organizations would be more likely to use the EQA framework, since it is European, and was also designed with use for self-assessment in mind.