Definition of Assessment:
The evaluation or estimation of the nature, quality, or ability of someone or something.
The evaluation of a situation or person.
An assessment occurs when an asset's value must be determined for the purpose of taxation. Some assessments are made annually on certain types of property, such as business property, while others, like a person's IQ, may be made only once.
Procedure used by government assessors to determine the value of a property, or the income of a person or entity, in order to charge taxes or to levy on the orders of a court.
Homes are often valued every year, though some taxing authorities may only do an assessment every five years. Houses are assessed according to their physical condition and comparable values of surrounding residences.
Synonyms of Assessment
Irish dividend, Account, Allowance, Analyzing, Appraisal, Appraisement, Appraising, Appreciation, Apprizal, Approximation, Assessing, Assize, Assizement, Bill, Blackmail, Blood money, Calculation, Categorization, Cess, Classification, Computation, Conscience money, Contribution, Correction, Determination, Direct tax, Dual pricing, Duty, Emolument, Estimate, Estimation, Evaluating, Evaluation, Evaluative criticism, Factoring, Fee, Footing, Gauging, Graduated taxation, Grouping, Hush money, Identification, Imposition, Impost, Indirect tax, Initiation fee, Instrumentation, Joint return, Judgment, Levy, Measure, Measurement, Measuring, Mensuration, Metric system, Mileage, Opinion, Price determination, Pricing, Progressive tax, Quantification, Quantization, Ranking, Rating, Reckoning, Retainer, Retaining fee, Scot, Separate returns, Sifting, Sifting out, Single tax, Sorting, Sorting out, Stipend, Stock, Supertax, Surtax, Survey, Surveying, Tariff, Tax, Tax base, Tax dodging, Tax evasion, Tax exemption, Tax return, Tax structure, Tax withholding, Tax-exempt status, Taxable income, Taxation, Telemetering, Telemetry, Tithe, Toll, Triangulation, Tribute, Unit pricing, Valuation, Valuing, View, Weighing, Winnowing, Withholding tax, Evaluation, Judgement, Gauging, Rating, Estimation, Appraisal, Opinion, Analysis
How to use Assessment in a sentence?
- The assessment of educational needs.
- The government employee sent his assessment regarding the value of the land to his boss who would decide if it was fiscally sound to purchase the property.
- Firefighters must take an assessment in order to qualify for the academy in which they will undergo training for the job that they will be undertaking in the future.
- They took the assessment to determine who was most likely to take over as the manager of the store after the boss leaves.
Meaning of Assessment & Assessment Definition