Assess

(redirected from assessable)
Also found in: Dictionary, Thesaurus, Medical, Legal.
Related to assessable: ratably

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.
References in periodicals archive ?
Starting January 1, 2015, any employer with at least one hundred full time employees must offer minimum essential coverage, or MEC, to employees in order to avoid assessable payments.
An applicable large employer that fails to offer minimum essential coverage or offers coverage that is unaffordable or does not provide minimum value may be liable for an assessable payment under Sec.
If doctors can step outside of the role of legitimate medical authority to weigh in on disagreements about nonmedically assessable means, why could they not legitimately participate in discussions about ends?
Entergy Arkansas by the Numbers 1996 2001 2006 Assessable Revenue $1,707,992,723 $1,734,898,247 $1,619,950,429 No.
The contrast I am interested in has to do with whether the dispute in question is medically assessable.
There are approximately 930 assessable properties, including town-owned parcels.
The appellate court distinguished Lewis and its progeny, which apply to cases involving assessable amounts such as tax deficiencies, tax penalties and deficiency interest, from this case.
No prior knowledge is assumed for any of the conditions or terms herein, making it a most assessable general-interest reference.
Furthermore, these banks and thrifts account for more than 9696 of the BIF's assessable deposits (3,928 out of 4,079) and nearly 97% of the SAIF's assessment base (1,008 out of 1,042).
The assessments can be blocked if property owners representing a majority of the assessable land in the specified district send in written protests.
The tale is the same for interex-change carriers--mainly long-distance carriers--and local exchange carriers: Assessable revenue reported to the Arkansas Public Service Commission has plummeted during the past decade.
6676 penalty is immediately assessable and must be paid upon notice and demand.