special assessment

n (Economics) (in the US) a special charge levied on property owners by a county or municipality to help pay the costs of a civic improvement that increases the value of their property

Thesaurus

Noun

special assessment - an additional tax levied on private property for public improvements that enhance the value of the propertyrevenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government

special assessment

A compulsory charge imposed by a government upon the owners of a restricted group of properties to defray the cost of a specific improvement or service, presumably of general benefit to the public and of special benefit to the owners of such properties.

Special Assessment

Related to Special Assessment: Special Assessment Bonds

Special Assessment

A real property tax proportionately levied on homeowners and landowners to cover the costs of improvements that will be for the benefit of all upon whom it is imposed.

For example, a special assessment might be made to pay for sidewalks or sewer connections.

special assessment

A charge to property owners in order to pay for some improvement benefiting all assessed owners in common.Local government sometimes makes special assessments to pay for road or sewer work.More commonly,condo associations and neighborhood associations will levy special assessments for the repair or expansion of recreational or other community amenities,or for structural repairs such as a new roof or road repaving.

special assessment

Related to special assessment: Special Assessment Bonds

noun

Words related to special assessment

noun an additional tax levied on private property for public improvements that enhance the value of the property

Related Words

revenue enhancement
tax
taxation

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