ASSESSMENT • FREE TRANSLATOR.ORG • Definition of Assessment

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/əsˈɛsmənt/ Listen

noun

Assessment n.

The act of assessing; the act of determining an amount to be paid; as, an assessment of damages, or of taxes; an assessment of the members of a club.

A valuation of property or profits of business, for the purpose of taxation; such valuation and an adjudging of the proper sum to be levied on the property; as, an assessment of property or an assessment on property. Note: An assessment is a valuation made by authorized persons according to their discretion, as opposed to a sum certain or determined by law. It is a valuation of the property of those who are to pay the tax, for the purpose of fixing the proportion which each man shall pay.

The specific sum levied or assessed.

An apportionment of a subscription for stock into successive installments; also, one of these installments (in England termed a "call"). (U. S.)

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Etymology of 'Assessment'

Collaborative International Dictionary of English 0.48

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"Assessment" Quotes from Famous Books

... wound to the popular vanity— the disappointment of excited expectation—the unaccountable conduct of Miltiades himself—and then see his punishment, after a conviction which entailed death, only in the ordinary assessment of a pecuniary fine [5], we cannot but allow that the Athenian people (even while vindicating the majesty of law, which in all civilized communities must judge offences without respect to persons) were not in this instance ...

— Athens: Its Rise and Fall, Complete • Edward Bulwer-Lytton

... satisfied with penitence. He chose rather to confer offices and employments upon such as would not offend, than to condemn those who had offended. The augmentation [91] of tributes and contributions he mitigated by a just and equal assessment, abolishing those private exactions which were more grievous to be borne than the taxes themselves. For the inhabitants had been compelled in mockery to sit by their own locked-up granaries, to buy corn needlessly, and to sell it again at a stated price. Long and difficult journeys ...

— The Germany and the Agricola of Tacitus • Tacitus

... Mr. Brierly, there must be some mistake, I am sure we wrote you and also Mr. Sellers, recently—when my clerk comes he will show copies—letters informing you of the ten per cent. assessment." ...

— The Gilded Age, Part 4. • Mark Twain (Samuel Clemens) and Charles Dudley Warner

... in small communities is safer than in the outskirts of a large city, because public improvements are much less costly. If you put $500 in a $5000 home and carry the balance on mortgage, an assessment of $1000 for streets or sewers, which helps the vacant lots, will probably put you out of business. Whether for use or speculation, buy in an established neighborhood or where the circumstances and neighbors are such that restrictions or expenditures ...

— Three Acres and Liberty • Bolton Hall

... how much interest Jefferson watched the progress of this controversy he showed in his letters from Paris. In February, 1786, he wrote to Madison: "I thank you for the communication of the remonstrance against the assessment. Mazzei, who is now in Holland, promised me to have it published in the Leyden Gazette. It will do us great honor. I wish it may be as much approved by our Assembly as by the wisest part of Europe." ...

— James Madison • Sydney Howard Gay

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