Assess

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Related to assesses: ratably, reassessing, settled down

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.
References in periodicals archive ?
Whether an insurance company takes a case to trial ultimately depends on how the company assesses the relative costs and benefits of doing so.
The team administered nine neuropsychologic tests to the workers, including the Mini-Mental Status Examination (which measures different cognitive components), the Wechsler Paired Associates Test of memory, the Benton Visual Retention Test, the Isaacs Set Test (which measures the ability to quickly generate lists of words in different semantic categories), and the Finger Tapping Test (which assesses motor speed).
Bramlett, assistant director at the FASAB, provides an example of one such compliance activity: When the IRS tries to get a taxpayer to pay his or her overdue taxes, it sometimes assesses the amount it thinks is owed even though the taxpayer has not filed a return.
For example, the Measure of Epistemological Reflection (Baxter Magolda, 1992) assesses epistemological beliefs as related to educational experiences by asking questions such as "Think about the last time you bad to make a major decision about your education (e.g., which college to attend, college major, career choice, etc.).

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