Assess

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Related to assesses: ratably, reassessing, settled down

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 ?
SAN ANTONIO -- New Bayley-III Assesses All Five Developmental Areas Required By Federal Law and Includes Parent and Caregiver Observations to Assess the Whole Child
Platts already assesses Brent and other key crude oil indicators using a market-on-close assessment methodology by 17:30 London time.
content delivery services market, assesses growth accelerators and inhibitors, conducts a comparative assessment of the content deliver service providers and provides a forecast of content delivery service revenues through 2004.

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