Assessment is the "assessed" value of a property is a historical, static estimate of the value of your property used by a municipal (local) government as a basis for calculating annual property taxes. An "assessment notice" from the municipality contains the "assessed value" and when multiplied by the current "mill rate" the property taxes for the year can be calculated. In some municipalities, the mill rate is provided on the assessment notice and in others it is provided separately.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). assessment. Retrieved September 26, 2026, from http://smartdefine.org/assessment/definitions/1147877 |
| Chicago | Barry Goldsmith. 2010. "assessment" http://smartdefine.org/assessment/definitions/1147877 (accessed September 26, 2026). |
| Harvard | Barry Goldsmith 2010, assessment, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/assessment/definitions/1147877>. |
| MLA | Barry Goldsmith. "assessment" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/assessment/definitions/1147877> |