Other Free Encyclopedias » 21st Century Webster's Family Encyclopedia » 21st Century Webster's Family Encyclopedia - Arcturus to Augur

Assessment

dollars value

Assessment, value of property (most commonly homes, shops, and offices) for purposes of taxation, or the process of determining this value. The tax rate is generally stated as so many dollars per thousand dollars of assessed valuation. The term also refers to a demand made by a corporation for extra funds from its stockholders.

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