assessment

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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.

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.

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 ?
Despite these limitations, this research offers a foundation for continued inquiry into early primary assessment, particularly additional studies that explore teachers' approaches across diverse contexts (jurisdictional, publicly funded, and parent funded) with specific focus on the development of structures and habits for student observation.
The Board reviewed HMDA data for 2002 and 2003 reported by Associated Bank in the bank's primary assessment areas.
In addition, to use direct assessment as the primary assessment method for third-party damage, an operator has to show that no other assessment method is feasible, and that the operator will combine the method with data collection and integration to evaluate the segment's susceptibility to third-party damage.
So if the MDS is coded correctly, regardless of what the nurses called the area, this facility would have been going to court with the primary assessment for state and federal reimbursement coded as a pressure ulcer.
Diagnoses are mostly based on primary assessment from general practitioners, combined with the use of additional diagnostic techniques such as bone densitometry.
Accomplished so far : This project started recently, achievemnts are yet to be made but recruitment of an International expert to conduct the primary assessment and develop full fledge Project Document is underway.
The new criteria establishes a new definition of innovation, leveraging the primary assessment themes of Concept, Value, Delivery and Impact
The total damage of the power corporation shall be around two crores according to primary assessment.
Part I covers professional and ethical issues in addition to classification and diagnostic problems, then introduces six primary assessment methods.