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 ?
Nassau County assesses small condominiums the same way they assess small homes and those would not be affected.
This report sizes, segments and forecasts the number of wealthy individuals in Argentina, assesses the market for wealth management services and the competitors aiming at this market.
Kinases: Advanced Strategies and Multiple Targets for Drug Discovery market analysis report comprehensively reviews protein kinases and assesses their importance as drug targets.

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