Special Assessment

[ˈspɛʃəl əˈsɛsmənt]

What is the definition of Special Assessment?

A charge levied by a local government on property owners to fund specific public projects or improvements from which the property owners will benefit directly.

Using Special Assessment in an Example

A city council approves a special assessment for a new sidewalk in a residential neighborhood. The cost of this improvement is divided among the homeowners of that neighborhood since they are the direct beneficiaries of the new sidewalk.

Using Special Assessment in a sentence

Our latest property tax bill includes a special assessment for the road maintenance that was completed last summer.

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