special assessment

Definition of "special assessment"
  1. It's a particular tax placed on private property to cover the expenses for public upgrades. Such upgrades are beneficial as they increase the property's value
How to use "special assessment" in a sentence
  1. The city decided to impose a special assessment on downtown property owners for the new sidewalk construction.
  2. Following the renovation of the public park, a special assessment was issued to nearby property owners due to the rise in property value.
  3. The local government financed the road repair work through a special assessment on the homes in the affected neighborhood.

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