special assessment

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Definitions from WordNet

Noun special assessment has 1 sense

special assessment - an additional tax levied on private property for public improvements that enhance the value of the property
--₁ is a kind of tax, taxation, revenue enhancement

Definitions from the Web

Special Assessment

Definition:

A special assessment refers to an additional fee or charge imposed by a government agency on property owners within a specific area for the purpose of financing public improvement projects.

Senses:

1. Noun:

a) A public levy on property owners:

Example sentence: The city council implemented a special assessment to fund the construction of new roads in the neighborhood.

Usage:

1. Popular usage:

a) Homeowners association:

Example sentence: The homeowners association announced a special assessment to cover the expenses of renovating the community pool.

2. Local usage:

a) Local government projects:

Example sentence: The local municipality imposed a special assessment on businesses near the downtown area to fund the construction of a new parking garage.