Special Assessment (Noun)
Meaning
An additional tax levied on private property for public improvements that enhance the value of the property.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The city imposed a special assessment on the homeowners to pay for the new sidewalk installation.
- The property owners were surprised to receive a special assessment bill for the new streetlights that were installed on their block.
- The special assessment for the new sewer system was added to the annual property tax bill.
- The homeowners association voted to impose a special assessment on its members to pay for the new community pool.
- The city council approved a special assessment to fund the construction of a new park in the downtown area.