special assessment
noun
: a specific tax levied on private property to meet the cost of public improvements that enhance the value of the property
Examples of special assessment in a Sentence
Recent Examples on the Web
Condo takeovers increased in 2024 — a possible escape for owners who face mounting monthly fees and spiraling special assessments.
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Miami Herald Archives, Miami Herald, 30 Jan. 2025
The other factor may be related to legislation passed in the wake of the Surfside condo collapse that has resulted in higher association fees and special assessments.
—Barbara A. Perry, Newsweek, 28 Jan. 2025
If the project is to be funded by a bank loan or special assessment, be careful about signing a repair contract before the money is in hand.
—Kelly G. Richardson, San Diego Union-Tribune, 28 Jan. 2025
Condo assessment fees have gone up nearly 60% in both Miami-Dade and Broward counties, and special assessments have added onto financial costs.
—Rebecca San Juan, Miami Herald, 29 Jan. 2025
See All Example Sentences for special assessment
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Miami Herald Archives, Miami Herald, 30 Jan. 2025
The other factor may be related to legislation passed in the wake of the Surfside condo collapse that has resulted in higher association fees and special assessments.
—Barbara A. Perry, Newsweek, 28 Jan. 2025
If the project is to be funded by a bank loan or special assessment, be careful about signing a repair contract before the money is in hand.
—Kelly G. Richardson, San Diego Union-Tribune, 28 Jan. 2025
Condo assessment fees have gone up nearly 60% in both Miami-Dade and Broward counties, and special assessments have added onto financial costs.
—Rebecca San Juan, Miami Herald, 29 Jan. 2025
See All Example Sentences for special assessment
Cite this Entry
“Special assessment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20assessment. Accessed 4 Mar. 2025.
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