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An assessment occurs when an asset's value must be determined for the purpose of taxation.
Special Assessment Tax Definition
A special assessment tax is a local surtax in addition to regular property taxes that is levied on homeowners to pay for a specific project.
Asset Condition Assessment
An asset condition assessment is a report outlining how an organization can manage capital assets in order to improve its asset management operations.
The Importance of a Client's Risk Assessment
Financial advisors and money managers must do a detailed risk assessment regarding each client before they can recommend a course of action.
Risk assessment is the process of identifying hazards and determining the likelihood of their occurrence.
Special Assessment Bond
A special assessment bond is a type of municipal bond used to fund a development project. Interest owed to lenders is paid by taxes levied on the community benefiting from the particular bond-funded project.
Notice of Assessment (NOA)
A notice of assessment is an annual statement sent by Canadian revenue authorities to taxpayers detailing the amount of income tax they owe.
Supervisory Capital Assessment Program (SCAP) Definition
The Supervisory Capital Assessment Program (SCAP) was a stress test of America's largest banks, conducted by the Federal Reserve in the midst of the 2008–2009 financial crisis.
Your Property Tax Assessment: What Does It Mean?
Understanding your property tax bill can help you budget, plan ahead, and protect yourself from financial shocks.
Reverse Mortgage Financial Assessment
A review of the borrower’s credit history, employment history, debts and income during the reverse mortgage application process.