Assess

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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.
References in periodicals archive ?
If a bond is pursued, the district would attempt to pass a school construction bond measure under Proposition 39, which would require approval by 55 percent, rather than two-thirds, of the voters and would cap taxes at $30 per $100,000 assessed valuation.
The IRS properly assessed the tax against the partnership within the requisite three-year period; however, the partnership never paid the deficiency.
25) Aesthetic rhinoplasty can be assessed with the Glasgow Benefit Inventory (GBI) and Nasal Symptom Questionnaire (NSQ).
A home assessed at the median value in the Eugene 4J School District - $133,496 - will see its taxes rise 8 percent, to $2,480.
Heale blames bad training among MPAC field staff, poor guidelines from head office in Pickering and little local knowledge of the properties being assessed, for ruining the market value system.
However, even if the city reduces taxes on those deemed unfairly assessed, the city must collect "X" amount of revenue per year in tax assessments, which could lead to the tax burden being shifted to another homeowner, Golkin claims.
Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained, which will supersede SAS No.
To the extent that you've assessed risk below maximum, you have determined that the client has controls that will reduce the risk of material misstatement.
In addition, these activities require an ability to assess deviations from projected liabilities in the same way sales and expense deviations are assessed via standard sensitivity analysis to gauge acceptable statistical risk and uncertainty.
Just like other key foundry variables, you can't fix employee skill deficiencies until you've properly assessed the situation.
We recommend that MRQ revise its reporting in respect of taxpayer's tax accounts summarized on the remittance forms to include: the opening balance in the taxpayer's account, payments received on account, the amount of tax assessed for the period, interest assessed, penalty assessed, and the closing account balance relating to the preceding reporting period on the remittance forms for the current period.
Availability of health care services and access to them are commonly assumed to be part of that definition but were not assessed in this study.