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 ?
This agreement extends our universe into the formative assessment arena.
Like an analysis, a storage assessment examines your current budget and then balances that budget against the maximum value of the item purchased.
Collect, analyze and disseminate assessment data: Data collection can occur on a rolling or phased basis, with assessments of learning goal subsets in each academic year.
High-rise assessments rise, other condo types decline.
Every spring, formal assessments are conducted as a post-test to determine the direction of children's educational plans, progress toward goals and objectives and development of new goals.
Among the assessments I've completed are Myers-Briggs Type Indicator, Thomas-Kilmann Conflict Mode Instrument, Stress Resiliency Profile, 16 Personality Factor Questionnaire, the Fundamental Interpersonal Relations Orientation Behavior test and others.
When teachers determine the existing competency level of test-anxious students, they become more aware of strategies they can develop or modify when implementing their assessments.
Assisted living's failure to come to grips with the basics of assessment is a good example of ignoring the fundamentals.
In terms of structure, the staff paper is arranged around a series of themes, including uncertainty and variability, the use of default parameters and extrapolation assumptions, site- and chemical-specific assessments, and ecological assessment.
Justice Tremblay-Lamer noted in his judgement that risk assessments by the Correction Services of Canada are "not health care, treatment or psychological assessments conducted in order to establish a diagnosis or to ascertain whether an offender requires health care or treatment.
For example, during their career assessments with clients who are members of racial minority groups, career counselors who have not personally experienced racism or who believe that racism no longer exists may fail to consider the effects of discrimination.

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