Investor Glossary-special assessment taxInvestor Glossary-special assessment taxInvestor Glossary-special assessment taxInvestor Glossary-special assessment taxInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Special Assessment Tax

The HTML to link to this page
 

A special assessment tax is a charge or levy a governing entity with taxation powers can impose on a property owner to finance public improvements made directly to their property or that enhance the value of their property. Imposing a special assessment tax entails a partial condemnation of the specific pieces of property that are to receive the improvement. A special assessment tax may benefit a property by removing a burden or increasing its adaptability. For example, public improvements that a special assessment tax might help finance are generally related to infrastructure or amenities, such as sewer systems, retaining walls, street lighting, parks and recreational facilities, pedestrian walkways, etc. Municipal and state governments often use the special assessment tax for these purposes. Some municipalities also might use a special assessment tax to recover unpaid fines, charges, or the cost of services. The improvement or benefit derived from a special assessment tax is usually related to the market value of a property, but other benefits are possible.



Rate this Special Assessment Tax definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: 401a, real GDP, inflation, command economy, in escrow, cancelled check, ex-dividend, 1035 exchange, required rate of return, Key Rate Duration, stock market close, margin rate, average price per share, current ratio, deferred tax, Zero Cost Collar, stock split, EBITDA, implied volatility, LIBOR, balance sheet, risk management, FTSE, deferred revenue, per diem, labor relations, retained earnings, debt service coverage, phantom income, ex-dividend date, liquidity ratio, FICO score, 1031 exchange, annual return, option premium, covered put, 144a, wholly-owned subsidiary, irrevocable trust, APR, reverse mortgage, minority interest, open position, VIX, quality assurance, class C shares, dividends payable, limit order, diluted share


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use