What does tax assessment mean?
Definitions for tax assessment
tax as·sess·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word tax assessment.
Princeton's WordNet
tax assessmentnoun
the value set on taxable property
Wiktionary
tax assessmentnoun
the value set on taxable property
ChatGPT
tax assessment
Tax assessment is the process used by governmental authorities to determine the monetary responsibility of individuals, corporations or property owners to the state, local or federal government. It involves evaluating the value of a property or income, and determining a tax rate based on that value, often with the aim of generating revenue for public services or obligations. The assessed value might be used, for example, to calculate property taxes, income taxes, or other forms of taxes.
Wikidata
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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of tax assessment in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of tax assessment in Pythagorean Numerology is: 8
Translations for tax assessment
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"tax assessment." Definitions.net. STANDS4 LLC, 2024. Web. 20 Apr. 2024. <https://www.definitions.net/definition/tax+assessment>.
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