Exam term
Assessment · Real Estate
A word with two real estate meanings. In a condominium or community, a charge on owners for common expenses, owed even by an owner who does not use an amenity. In property tax, the official determination of a property's value and whether it is taxable.
Lessons that use this term
- Specialty areas: manufactured homes, timeshares, and other specialties California
- Cooperatives, condominiums, homeowners' associations, and time-sharing Florida
- Property taxation, assessed value, and computing the tax rate and tax New York
- Taxing jurisdictions, special assessment districts, and exemptions New York