assess


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Assess

To determine financial worth. To ascertain the amount of damages. To fix and adjust the individual shares to be contributed by several persons toward a common beneficial objective in proportion to the benefit each person will receive. To tax by having qualified experts estimate the value of property by considering the nature of the property, its size, the value of other comparable property, and the proportionate share of services that is used by that property. To levy a charge on the owner of property that has been improved at the expense of the local government unit, such as when sewers or sidewalks are installed.

assess

v. to set a value on property, usually for the purpose of calculating real property taxes. The assessed value is multiplied by the tax rate to determine the annual tax bill. This function is usually performed by employees of the County Assessor. In California, under Proposition 13, the new assessment can only take place upon sale of real property.

assess

(Appraise), verb aestimare, apprize, ascertain, calculate, calibrate, compute, consider, count, determine, estimate, evaluate, fix the value, gauge, judge, measure, mensurate, mete, rate, reckon, set, valuate, value, weigh
Associated concepts: assess a penalty, assess damages, assessed valuation

assess

(Tax), verb affix an impost, charge with one's share, demand a payment, demand toll, exact a charge, exact a toll, excise, fix a valuation, impose a charge, impose a levy, lay an impost, levy
Associated concepts: assess taxes
See also: adjudge, arbitrate, calculate, compel, consider, criticize, encumber, evaluate, exact, excise, gauge, judge, levy, measure, mete, notice, observe, rate, require, tax

TO ASSESS. 1. To rate or to fix the proportion which every person has to pay of any particular tax. 2. To assess damages is to ascertain what damages are due to the plaintiff; in actions founded on writings, in many cases after interlocutory judgment, the prothonotary is directed to assess the damages; in cases sounding in tort the damages are frequently assessed on a writ of inquiry by the sheriff and a jury.
     2. In actions for damages, the jury are required to fix the amount or to assess the damages. In the exercise of this power or duty, the jury must be guided by sound discretion, and, when the circumstances will warrant it, may give high damages. Const. Rep. 500. The jury must, in the assessment of damages be guided by their own judgment, nd not by a blind chance. They cannot lawfully, therefore, in making up their verdict, each one put down a sum, add the sums together, divide the aggregate by the number of jurors, and adopt the quotient for their verdict. 1 Cowen, 238.

References in periodicals archive ?
6501(a), Limitations on assessment and collection, contains the general rule limiting the period in which the IRS can assess tax to three years from the date a return is filed.
Although only public companies subject to section 404 are required to formally assess company-level controls, nonpublic companies and other types of organizations may wish to do similar evaluations as a best practice.
2001) utilized three measurements to assess quality, accessibility, and readability of online health information in four subject areas.
To do this you still need to assess key elements of the business environment, control environment and control-monitoring process.
For example, in a merger or acquisition, engineering consultants often will exercise best professional judgment to assess a single best-case (for sellers) or worst-case (for buyers) outcome for individual sites.
These type of sensitivities can allow ILS managers to quickly assess the benefits of reducing or increasing I-Level repair response by reducing administrative processing times, achieving faster repair times, reducing awaiting parts time, implementing a faster transportation system and relying on regional repair in-country.
As with individual rehabilitation counseling, the flexibility in adopting structural and relationship skills is an important component to assess whether family therapy is warranted.
Building and Using a Tool to Assess Info and Tech Literacy.
Once a tax has been properly assessed, the code doesn't require the IRS to then separately assess the same tax against the parties that are secondarily liable for it.
3) Assess the conditions and assumptions under which IRB evaluation of risk versus potential benefits is similar to or different from the evaluation of risks versus potential benefits by individuals, groups, communities, and populations.
They want to assess the "cognitive consequences" of participating in an ADEPT environment.