special assessment

noun

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

Examples of special assessment in a Sentence

Recent Examples on the Web

The majority of the city’s revenue stream — about $48 million — comes primarily from taxes and special assessments. Deborah Sullivan Brennan, sandiegouniontribune.com, "San Marcos set to vote on $77 million budget," 10 June 2018 Otherwise, there will be a large special assessment or the condo will need a bank loan — or both. Benny L. Kass, chicagotribune.com, "Wondering why your condo assessments keep going up? Here's how to find out.," 26 Dec. 2017 Legacy also asked to establish a Community Improvement District to levy a 1.6 percent tax and a special assessment. Allison Kite, kansascity, "Bellmont Promenade developer expands $90 million mixed-use plan, needs city approval," 26 June 2018 Owners may also face special assessments to cover repairs or damage from natural disasters. Liz Weston, The Seattle Times, "How not to inherit mom’s timeshare | Liz Weston," 1 Oct. 2018 His son faces up to to life in prison, up to $250,000 in fines and between five years and a lifetime of supervised release after imprisonment and a mandatory $100 special assessment. Fox News, "Son of former Louisiana chief justice charged with sex trafficking a 14-year-old girl," 27 Sep. 2018 As for him, Levin has been running Lean & Green Michigan, which helps municipalities set up special assessment districts through which businesses — which pay the assessments — can get long-term, low-cost loans to make energy-use improvements. Todd Spangler, Detroit Free Press, "Andy Levin looks to take dad Sander Levin's seat in Congress," 13 July 2018 Other suggestions included developer in-kind improvements, tax increment financing, as the site is within existing TIF boundaries, special assessment bonds, and grants and loans from the federal or state Environmental Protection Agency, Smith said. Ese Olumhense, chicagotribune.com, "North Branch Park project could cost up to $200 million, backers say," 29 June 2018 School officials contend that as a state government entity, UMKC is not required to pay a special assessment. Bill Turque, kansascity, "Taxes for KC Streetcar extension to UMKC approved by wide margin in mail-in ballots," 20 June 2018

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.

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First Known Use of special assessment

1875, in the meaning defined above

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Last Updated

9 May 2019

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Time Traveler for special assessment

The first known use of special assessment was in 1875

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More Definitions for special assessment

special assessment

noun

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

Comments on special assessment

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