Assessed (verb):
1. To evaluate or determine the value, worth, or quality of something, typically for the purpose of taxation, appraisal, or examination.
Example: The property was assessed by a professional appraiser to determine its market value.
2. To analyze or evaluate someone’s knowledge, skills, or performance in a systematic and objective manner, often through tests, examinations, or assessments.
Example: The students were assessed on their understanding of the subject through a comprehensive final exam.
3. To consider or take into account certain factors or criteria when making a judgment or decision.
Example: The judge assessed the evidence presented in the trial before reaching a verdict.
4. To impose a fee, charge, or tax on someone or something based on a predetermined rate or value.
Example: The government assessed a property tax on all homeowners in the district.
5. To estimate or calculate the amount or extent of something.
Example: The insurance adjuster assessed the damage caused by the storm to determine the compensation amount.
Assessed refers to the process of evaluating or determining the value, worth, or quality of something, typically for taxation or regulatory purposes. It involves the assessment of various factors such as property, assets, income, or performance to determine the appropriate amount of tax, fee, or penalty to be imposed. The assessment is usually conducted by a government authority or regulatory body, and the results are used to calculate the financial obligations or liabilities of individuals, businesses, or organisations. The assessed value or assessment can also be used in legal proceedings, such as in determining damages or compensation in a lawsuit.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 30th March 2024.
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