Jun 07 , 2016

Tampa School of Real Estate

Special Assessment

Definition:   taxes levied against properties to pay for all, or part of, improvements that will benefit the properties being assessed

Pronunciation:   \ˈspe-shəl\ \ə-ˈses-mənt\

Used in a Sentence:   The homeowners were issued a special assessment to help pay for the cost of new sewer lines being installed in the community.

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