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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.


(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 ?
A number of teenagers who own quad bikes told Gulf news that RTA officials approached them in Al Warqa area, urging them to register the bikes and explained the safety measures.
To examine whether participation in RTA was exerting an impact on inmates' engagement in educational programs we examined enrollment in various educational programs over time.
After researching various COBOL alternatives and considering a rewrite of its software in the Java or C# programming language, RTA discovered Veryant's isCOBOL solution.
Al Tayer has issued an administrative circular obliging all RTA organisational units to react to the creative ideas and improvement remarks received via the Mohammad Bin Rashid Smart Majlis.
Mark Donaghy, executive director of RTA said, The revenue we earn from ad sales helps RTA support needed transit services for our community .
He said RTA has made special arrangements to facilitate the passengers on the occasion of Eid.
The RTA finished first in the ranking of Dubai Government Departments in terms of Improved Performance by achieving 14% rating, and again came up first among entities delivering more than 100 electronic services scoring 86%.
Founded in 2002 RTA Products leverages more than 35 years of experience in the consumer products marketplace and specializes in creating quality ergonomic products that provide innovative workspace solutions for both the home and professional office.
RTAs containing provisions, or side agreements, on the environment go beyond the WTO by requiring periodic reports on the state of the environment, by providing that in cases of conflict, parties' obligations under certain multilateral environment agreements shall prevail over those under the RTA, and by admonishing parties against relaxing environmental laws for the purpose of encouraging trade or investment.
While that is not exactly news to vendors or retailers, those two standard-bearer items of the industry are not likely to remain the primary products of choice for shoppers looking for RTA in the near future.
The following has been excerpted from The RTA Furniture Industry study, conducted by The Chicago Corp.
com/reports/c73755) has announced the addition of "The European Market for RTA Furniture 2007" to their offering.