special assessment

special assessment
a tax levied by a local government on private property to pay the cost of local public improvements, as sidewalk construction or sewage disposal, that are of general benefit to the property taxed.
[1870-75]

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Universalium. 2010.

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Look at other dictionaries:

  • 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. Merriam Webster. 1996. special assessment …   Law dictionary

  • 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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