special assessment

special assessment
special assessment n: 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

Merriam-Webster’s Dictionary of Law. . 1996.

special assessment
A real property tax proportionately levied on homeowners and landowners to cover the costs of improvements that will be for the benefit of all upon whom it is imposed.

Dictionary from West's Encyclopedia of American Law. 2005.


special assessment
A real property tax proportionately levied on homeowners and landowners to cover the costs of improvements that will be for the benefit of all upon whom it is imposed.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • special assessment — n. a special tax levied on a property to pay for a local public improvement, as a sewer, that will presumably benefit that property …   English World dictionary

  • Special assessment tax — Special assessment is the term used in the United States to designate a unique charge government units can assess against real estate parcels for certain public projects. This charge is levied in a specific geographic area known as a Special… …   Wikipedia

  • special assessment bonds — or notes Municipal securities repaid from taxes that are imposed only on the individuals who are considered to directly benefit from public improvements made to a neighborhood or community within the municipality. The most common examples are… …   Financial and business terms

  • special assessment bonds or notes — Municipal securities repaid from taxes that are imposed only on the individuals who are considered to directly benefit from public improvements made to a neighborhood or community within the municipality. The most common examples are school… …   Financial and business terms

  • special assessment notes — special assessment bonds or notes Municipal securities repaid from taxes that are imposed only on the individuals who are considered to directly benefit from public improvements made to a neighborhood or community within the municipality. The… …   Financial and business terms

  • Special Assessment Tax — The levy assessed against the portion of a property that has been condemned by a public authority. The special assessment tax will reduce the amount of compensation awarded to the property owner because the owner is considered to have also… …   Investment dictionary

  • special assessment — A local assessment; the levy of a burden upon property within a limited area for the payment for a local improvement supposed to be for the benefit of all property within the area. 48 Am J1st Spec A § 3. The word tax as it is used in a statute is …   Ballentine's law dictionary

  • special assessment — An assessment in the nature of a tax levied upon property according to benefits conferred on the property. Davies v. City of Lawrence, 218 Kan. 551, 545 P.2d 1115, 1120. A levy upon the owners of property adjacent to a public improvement (e.g.,… …   Black's law dictionary

  • special assessment — An assessment in the nature of a tax levied upon property according to benefits conferred on the property. Davies v. City of Lawrence, 218 Kan. 551, 545 P.2d 1115, 1120. A levy upon the owners of property adjacent to a public improvement (e.g.,… …   Black's law dictionary

  • special assessment lien — A statutory lien on property charged with a special or local assessment to secure the payment of the assessment. 48 Am J1st Spec A § 196 …   Ballentine's law dictionary

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