Definitions for tax assessment

This page provides all possible meanings and translations of the word tax assessment

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  1. tax assessment(noun)

    the value set on taxable property

WiktionaryRate this definition:(0.00 / 0 votes)

  1. tax assessment(Noun)

    the value set on taxable property

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  1. Tax assessment

    An 'assessor' is a specialist who calculates the value of property. The value calculated by the assessor is then used as the basis for determining the amounts to be paid or assessed for tax or insurance purposes. In local government in the United States, an assessor is an appointed or elected official charged with determining the value of each taxable property in a county, municipality, or township; this information is then used by the locality to determine the necessary rate of taxation to support the community's annual budget. In Vermont, this office is known as a lister. A professional organization for assessors and source for innovation, education, and research in property appraisal, assessment administration, and property tax policy is the International Association of Assessing Officers.


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