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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Langhorne, "Comprehensive geriatric assessment for older adults admitted to hospital: meta-analysis of randomised controlled trials," British Medical Journal, vol.
Comprehensive geriatric assessment: a useful tool for prevention of acute situations in the elderly.
At the University of Arizona Health Sciences Center, an educational model for teaching comprehensive geriatric assessment to family practice residents was designed for second- and third-year residents who served as medical consultants on an interdisciplinary geriatric assessment team.
A randomized trial of comprehensive geriatric assessment in the care of hospitalized patients.
The use of comprehensive geriatric assessment techniques to predict discharge needs has been recommended by a number of authors (10)(11)(12).
Rooting quality assurance in comprehensive geriatric assessment has other advantages.
"With regards to the percentage of patients who had a comprehensive geriatric assessment within three days of admission; the 2017 data shows performance at 50 per cent.
We evaluated the major components of comprehensive geriatric assessment (CGA) as follows:
Gait speed has been shown to be an important measure in comprehensive geriatric assessment in all clinical settings for the purposes of developing risk profiles and care plans for geriatric patients.

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