tax assessment

Official value determination

A tax assessment is an official determination of the value of property for taxation purposes.

Local governments conduct assessments to calculate property taxes owed: The county's tax assessment came in higher than expected.

The term also refers to the amount of tax levied: We're appealing our tax assessment.

Assessments may be challenged if property owners believe valuations are inaccurate.

Opposites
fiscal action direction

tax assessmenttax refund

Returned excess withholding

tax rebate · tax exemption · tax relief · tax abatement · tax credit

tax process stage

tax assessmenttax exemption

Freedom from governmental levies

tax abatement · tax amnesty · tax relief · tax holiday · tax write-off

valuation outcome

tax assessmentundervaluation

Rating below actual worth

Family

assess, taxing, assessment, taxation, assessed, assessor, assesses, taxable, reassessment

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