Assess

Business, Legal & Accounting Glossary

Definition: Assess



What is the dictionary definition of Assess?

Dictionary Definition


v. to set a value on property, usually for the purpose of calculating real property taxes. The assessed value is multiplied by the tax rate to determine the annual tax bill. This function is usually performed by employees of the County Assessor. In California, under Proposition 13, the new assessment can only take place upon sale of real property.


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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/assess/
Modern Language Association (MLA):
Assess. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 02, 2020 https://payrollheaven.com/define/assess/.
Chicago Manual of Style (CMS):
Assess. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/assess/ (accessed: December 02, 2020).
American Psychological Association (APA):
Assess. PayrollHeaven.com. Retrieved December 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/assess/

Definition Sources


Definitions for Assess are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.