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 ?
STEP FOUR: Document and assess company-level controls.
Examples may include a) develop and evaluate best-practice outcome measures for decision making about the acceptability of research protocols; b) assess the consistency of protocol review decisions within DSMBs, IRBs, or COI committees; c) assess the impact of conflicts of interest among members of oversight committees on decision making about the acceptability of research protocols, interpretations of adverse events, and/or perceptions of "independence of review" by the research community; and d) assess the impact of disclosing varying degrees of financial conflicts of interest involving the principal investigator, members of oversight committees, sponsor, institution, etc.
The SOL is only concerned with the period during which the IRS can assess tax--not the period in which the Service can make a determination of the taxable income.
What we need to assess are the several variable components of online reference services.
35) I began to develop the concept of self-assessment in kindergarteners in my research question: What happens when kindergarteners are invited to assess their own learning?
If auditors consider only features of the internal controls as the basis to assess control risk, then they will assess A and B control risk as the same.
3121(q) to assess an employer's share of FICA taxes on its employees' unreported tip income on an aggregate basis, without first determining the underreporting by the individual employees and crediting their wage history accounts.
The former refers to standardized assessments that are not developed to assess achievement in a particular program of instruction and are intended to measure more general language skills or knowledge (Genesee & Upshur, 1996).
1506 (1996), the IRS used the McQuatters formula to assess $10,124 in additional employer FICA taxes for 1990 and 1991.
The first type of form permits the IRS to assess tax, but also allows the taxpayer to file a refund claim after paying the assessed tax.
We propose that the profession redefine itself as being "concerned with the definition, acquisition, analysis, reporting and use of information (financial and nonfinancial, internal and external) required to effectively operate, manage and assess an organization and its various activities.
The second issue concerned the impact of the SOL on (1) T's right to receive a refund of additional interest on its overpayments; (2) T's right to receive a refund of overpaid deficiency interest; and (3) the IRS's ability to assess additional interest on the potential deficiency.