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 ?
Responsibility for completion of the EQA could fall to a variety of groups, including financial analysts, corporate management, and auditors.
They are almost similar in the sense that both awards give maximum weight to customer satisfaction, 30 per cent or 300 points in the MBNQA and 20 per cent or 200 points in the EQA. The quality and operational results in the MBNQA and the business results in the EQA have the next highest weight.
By simultaneously considering each attribute's salience, determinance, and made-in England label's own and relative performance in terms of these attributes, the attributes were placed into the appropriate cells of the EQA grid.
EQA or trueness control materials are usually intended to verify (not establish) that an individual result is within an acceptable measurement error.
Laboratories can join Local, National or International EQA schemes.
The measurement of trueness is usually expressed in terms of bias.[sup][22] Trueness verification EQA programs, which are not affected by matrix effects of control materials, can overcome the deficiencies of traditional EQA programs.
The European Molecular Genetics Quality Network (EMQN), (38) which is supported by user subscriptions, offers disease-specific EQA for a variety of genetic disorders as well as methods-based EQA for Sanger DNA sequencing, molecular cytogenomic analysis, and mutation scanning.
The organizations which put themselves forward for the EQA award are required to undertake a self-appraisal exercise.
Considering its importance and internationally acclaimed best practices, Pakistani quality experts have pointed out the need for bridging the gap between IQA and EQA by linking them along for performance assessment of QECs.
This type of EQA sample is impossible for platelet function testing, which requires fresh blood containing functional platelets with limited stability.
* Challenges of EQA on HIV, viral hepatitis and STIs in countries
Assessment of the variability of the measurement results obtained by different assays and the effectiveness of standardization is best accomplished through external quality assessment (EQA), or proficiency testing (PT), schemes.[2],[3],[4] The ideal EQA materials and calibrators need to be commutable or the commutability must be known to ensure that the objective of evaluating the comparability of different assays is fulfilled.[5],[6] However, for practical reasons, most PT schemes use processed materials with unknown commutability.