Definition of special assessment
: a specific tax levied on private property to meet the cost of public improvements that enhance the value of the property
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Recent Examples of special assessment from the Web
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The bonds are paid off using special assessments levied on the various property owners, which amounts to about $100,000 the city would also no longer have to pay each year.
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While Citizens’ prices might be lower than other insurers, its customers could get hit with a special assessment if the company’s surplus is depleted following a devastating hurricane or series of storms.
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Casey Parsons was sentenced to 120 months in prison, three years supervised release, $41,814.00 in restitution, and a special assessment of $1,500.
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If convicted, all six defendants will face between 10 years to life in prison, a fine of up to $10 million, a minimum of five years of supervised release and a mandatory $100 special assessment fine.
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In 2015, Sandy Parsons was sentenced to 96 months in prison, three years supervised release, $14,062 in restitution, and a special assessment of $4,300.
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In addition Beverly Hills might face costs in the form of special assessments and fees.
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In that situation, buildings either have to make special assessments or cut staff and services.
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Receivers can be expensive, so a special assessment will most likely be levied against all owners to cover these costs.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'special assessment.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of special assessment
1875
Law Dictionary
special assessment
legal Definition of special assessment
: a specific tax levied on private property to meet the cost of public improvements that provide a special benefit enhancing the value of the property
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