The process of placing a value on an asset for the purpose of taxation. Also refers to the tax itself. also called property assessment.

Use assessment in a sentence

Before I prescribe any medicine to my sick patient, I will have to do an assessment to see what his issues are.

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The assessment was sufficient to determine the candidates aptitude being in an acceptable range for the job so we hired him.

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I had a tax appraiser come give me a property assessment before putting my house on the market in order to ensure my list price was competitive.

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accounting valuation EBITDA / interest coverage ratio