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special assessment

   Also found in: Legal, Financial, Encyclopedia 0.01 sec.
special assessment
n
(Economics) (in the US) a special charge levied on property owners by a county or municipality to help pay the costs of a civic improvement that increases the value of their property
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.special assessment - an additional tax levied on private property for public improvements that enhance the value of the property
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
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Special assessment Special assessments are sometimes needed to supplement expenses and projects.
Five Ways of Dealing with Miami Condos Delinquents by Mark Michael Ferrer / Real estate industry community
Perhaps, a much smaller special assessment could be levied which would help cover the interest carrying costs for the increased borrowings under the Treasury line of credit.
Memo to the FDIC by Hill, J. French / Arkansas Business
You can include all the costs associated with buying a timeshare like closing costs you had to pay when buying your timeshare, the annual maintenance fee for all the years that you owned the property and special assessments if any.
Timeshare Tax Information About Timeshares by Nicholas Tan / Travel, recreation and leisure community
 
 
 
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