Definition of special assessment

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TeachMeFinance.com - explain special assessment



special assessment -- a property tax levied for a specified improvement only on those properties directly benefiting from the improvement. Special assessments are used to pay for such improvements as sewers, water systems, street repairs and street lights. Also called an improvement lien.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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