special assessment

noun

: 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 lawyer argued the special assessments amount to an unconstitutional taking of property without due process or just compensation. Jennifer Dixon, Detroit Free Press, 14 Mar. 2024 That figure includes a $500 fine, a $1,000 community service payment to the Yellowstone Forever Geological Fund, a court processing fee of $30, and a $10 special assessment fee. EW.com, 14 Mar. 2024 In addition to the prison term, Tejada was sentenced to five years of supervised release and a $100 mandatory special assessment, the U.S. Attorney's Office for the Southern District of New York said in a news release. USA TODAY, 29 Feb. 2024 Work to restore four lakes and dams damaged in record floods in Midland and Gladwin counties in 2020 has been suspended while some property owners protest the costs of a pair of special assessments to fund construction and maintenance. Jennifer Dixon, Detroit Free Press, 5 Mar. 2024 Many HOAs in the past few years have had to impose major special assessments to pay for unexpected huge insurance cost increases, and sometimes major project refurbishments require a special assessment to make bank loan payments. Kelly G. Richardson, San Diego Union-Tribune, 27 Jan. 2024 Like its peers, Goldman had to recognize a special assessment by the Federal Deposit Insurance Corp. Annamaria Andriotis, WSJ, 16 Jan. 2024 The company also recorded a $1.7 billion charge to operating expenses in the quarter to cover a special assessment to replenish the Federal Deposit Insurance Corp.’s coffers after a series of bank collapses last year. Todd Gillespie, Fortune, 12 Jan. 2024 Can the budget handle an emergency roof repair or that parking lot resurfacing without a special assessment? Dusty Parnell, Idaho Statesman, 31 Jan. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'special assessment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1875, in the meaning defined above

Time Traveler
The first known use of special assessment was in 1875

Dictionary Entries Near special assessment

Cite this Entry

“Special assessment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20assessment. Accessed 28 Mar. 2024.

Legal Definition

special assessment

noun
: 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
Last Updated: - Updated example sentences
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