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 ?
African regional external quality assessment for CD4 T-cell enumeration: Development, outcomes, and performance of laboratories.
First international external quality assessment study on molecular and serological methods for yellow fever diagnosis.
Commutability assessment of external quality assessment materials with the difference in bias approach: are acceptance criteria based on medical requirements too strict?
The Cystic Fibrosis (CF) European Network (39) offers an external quality assessment scheme for CF molecular genetic testing to more than 200 laboratories worldwide.
Selection of criteria was based on experiences from earlier external quality assessment studies (8,9.11).
[1] Nonstandard abbreviations: EQA, External Quality Assessment; HDLC, HDL cholesterol; LDLC, LDL cholesterol; LNE, Laboratoire national de metrologie et d'essais.
The introduction of the NIST SRM 972 has improved the comparability of LC-MS/MS methods, but the external quality assessment programs have shown that there is substantial variability in these methods.
Like other medical laboratory tests, external quality assessment (EQA) is a necessary part of quality assurance.
(53) report the results of an external quality assessment program for the seven network laboratories in which the interlaboratory reproducibility was measured.
control material to ensure external quality assessment of immunochemical studies 1 name.
Proficiency testing (PT), also called external quality assessment, is an essential tool for quality assurance of the analytical testing process.
External quality assessment in the examination of blood films for malarial parasites within Ontario, Canada.

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