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 ?
This past January, the Assessor tentatively proposed a substantial increase in the building's assessed value.
But the assessed value is not what the property is worth on the open market.
Meanwhile, the total assessed value of business properties and business assets dropped by less than half a percent in Santa Clarita.
For example, a Class I property owner in East New York may not realize that being assessed at 20 percent of market value today will result in paying taxes that are approximately double what most Class I owners pay.
The average assessed valuation for homes in the Acton and Agua Dulce areas is $150,000 to $175,000, board members said, meaning the typical annual tax would be about $90 to $105.
The examination questions were sampled from study questions that had been assessed in the Crone-Todd et al.
However, the Service was barred from assessing that additional underpayment interest; pursuant to the Form 872 that was executed, the period within which the potential deficiency could have been assessed and collected terminated by the end of Year S.
A market rent results in the property being assessed higher because more income is generated.
In most cases, such observations, inquiries and limited inspection of documents probably would not support a low assessed level.
The project area includes nearly all of the developable area of the city of Pittsburg, which has exhibited rapid growth in population and assessed valuation (AV).
SANTA CLARITA - Santa Clarita's three elementary school districts have agreed to pay more than $70,000 in back fees assessed by the city to prevent storm-water runoff from polluting groundwater and the Santa Clara River.
Considerably less attention has been devoted to determining what should be assessed and, indeed, some programs may rely solely on accreditation standards.