assessment


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Related to assessment: Formative assessment, assessment tools

Assessment

The process by which the financial worth of property is determined. The amount at which an item is valued. A demand by the board of directors of a corporation for the payment of any money that is still owed on the purchase of capital stock. The determination of the amount of damages to be awarded to a plaintiff who has been successful in a lawsuit. The ascertainment of the pro rata share of taxes to be paid by members of a group of taxpayers who have directly benefited from a particular common goal or project according to the benefit conferred upon the individual or his or her property. This is known as a special assessment. The listing and valuation of property for purposes of fixing a tax upon it for which its owner will be liable. The procedure by which the Internal Revenue Service, or other government department of taxation, declares that a taxpayer owes additional tax because, for example, the individual has understated personal gross income or has taken deductions to which he or she is not entitled. This process is also known as a deficiency assessment.

assessment

(Estimation), noun aestimatio, appraisal, appraisement, calculation, determination, estimate, mensuration, rating, reckoning, survey, valuation
Associated concepts: assessment of damages

assessment

(Levy), noun amount assessed as payable, capitation, census, cess, charge, charge levied, exactment, imposition, impost, rate, tallage, tax, toll
Associated concepts: assessed valuation, assessment and collection of taxes, assessment district, assessment for bennfits, assessment for special improvements, assessment innurance, assessment lien, assessment of property, assesssent roll, assessor, equalized assessment, improvements, municipal improvements, public improvements, special assessment, tax assessment, valuation of property
See also: account, ad valorem, appraisal, appreciation, arbitration, charge, choice, computation, concept, conclusion, cost, decision, determination, differentiation, discernment, discretion, discrimination, duty, estimate, estimation, excise, expense, idea, inspection, judgment, levy, measurement, opinion, perception, price, rate, rating, rent, tariff, tax, toll, value, verdict

ASSESSMENT. The making out a list of property, and fixing its valuation or appraisement; it is also applied to making out a list of persons, and appraising their several occupations, chiefly with a view of taxing the said persons and their property.

References in periodicals archive ?
Form 2750 is a waiver form used to extend the SOL on assessment of the trust fund recovery penalty.
We hope that you will find the topics and projects examined by authors in this issue valuable in your use of effective assessment across a variety of learners and settings.
Education specializes in diagnostic assessments, instructional materials, and test preparation products that match state tests.
Like a survey, a storage assessment ensures that the assets are inventoried, accounted for and protected, and that you are not paying continuing charges for resources that you are not using.
High-rise assessments rise, other condo types decline.
Children requiring a full developmental assessment visit the Preschool Diagnostic Center for an assessment.
After the team completes the assessment program and ranks the candidates, they should make the results of the job analysis available to the entire organization.
In Employer-Based Rehabilitation, one of the most notable features of the assessment phase is that functional work skills testing is conducted in real work environments.
The second direction, community-based assessment (also referred to as situational assessment), will focus on providing realistic, hands-on evaluation opportunities for individuals with multiple and severe disabilities.
When Sylvia Gross reads her property tax bill each year, she's upset and confused by the growing array of special taxes and assessments tacked on to it.
But even those who are proactive in training can stumble due to a lack of proper assessment.

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