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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The RTA Solo presented the business with many new technical challenges, which we have overcome and bettered, to provide the RTA with a powerful tool in growing patronage in Dubai."
To conclude, RTAs are likely to continue to increase both in number and coverage, while certain aspects of RTAs will continue to discriminate against trade from third parties.
Rebuilding Together Atlanta (RTA) is a non-profit organization striving to preserve and revitalize houses and communities in metro Atlanta.
Proximal RTA (type 2) is associated with a decreased ability of the proximal nephron to reabsorb bicarbonate.
He said RTA office has collected Rs 5 million in the form of challan money in the month of November which is more than set target.
RTA was founded in 1996 at Sing Sing Correctional Facility in New York State and is now operating at four additional New York State correctional facilities: Fishkill, Woodbourne, Green Haven, and Bedford Hills (Prison Communities International, n.d.).
Yes, there may be aspects of the RTA's management that leave much to be desired, and granted they have faced severe setbacks during the financial crisis, but in essence over the past twenty years the RTA has been on a progressive trajectory that is nothing short of inspiring.
Currently, around 300 RTAs are said to exist and some 50% of world trade is conducted under preferential arrangements of some type.
"This merger will allow our retail customers to see us as one company, capable of better serving their needs for domestic and imported RTA furniture," said Kevin Sauder, president and chief executive officer of Sauder Woodworking Co.
Studio RTA specializes in product design and development, and works through partners in Taiwan and southern China for sourcing.
The two principal Western Hemisphere regional trade agreements (RTA)--the North American Free Trade Agreement (NAFTA) and the Southern Cone Common Market (MERCOSUR)--and other RTAs among the countries of the Americas culminated in a proposal for creating a Free Trade Area of the Americas (FTAA) within the next eight years, said James Wesberry.