assessment

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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 ?
This month the RTA will launch the eWallet service offering companies and entities a safe means of payment and an easy-to-use tool for processing transactions related to the Licensing Agency such as the renewal of vehicle registration and payment of traffic fines.
Art Van, the Michigan furniture retailer, carries RTA in its Clearance Center in-store department.
For participating in the auction, the bidder is required to issue a security cheque to RTA amounting to Dh5,000 and deposit it at one of RTA's Customer Happiness Centres at Umm Al Ramool, Bur Dubai, Deira or Al Twar Municipal Centre.
The names of all 116 RTA participants were sent to the Research Division of the New York State Department of Correctional Services (NYS DOCS) with a request for the following data on each inmate: DOCS entry date, birth date, race, crime category, educational degree at entry into DOCS, first and second math and reading scores, and educational degrees earned in DOCS.
If RTAs are often 'easier' to negotiate than WTO multilateral rules, some important trade issues will not be handled effectively in bilateral/regional trade agreements.
Brent Gingerich, who has been named senior vice president of Sauder RTA Sales, will direct all RTA sales.
Kevin Sauder, president and CEO of Sauder, said, "Acquiring Studio RTA is one more step in our aggressive search to supplement our domestically produced RTA furnishings with imported materials that will give Sauder a world-class product offering, while leveraging our brand and distribution strength.
Because RTAs reduce the tariffs of member countries, the winners in an RTA are countries with low tariffs before the RTAs, according to Vichyanond, but RTAs also can help speed nondiscriminatory trade liberalization.
Veryant's isCOBOL technology opens new markets for us because of its pure Java deployment model and the foreign language localization capabilities," said Larry Turley, president of RTA.
The event is aimed at boosting the effective interaction between the RTA and partners through showcasing RTAs marine transit services and lifting participants & visitors of this event descending on Dubai from all corners of the globe.
Summary: The names will be selected by the RTA in association with Beit Al Khair Society.
New initiatives have been launched by the RTA committee that is responsible for the implementation of the Dubai 3D Printing Strategy.