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
Raising association budgets and implementing special assessments for specific projects can be a recipe for hostility and dissent that becomes too much to bear for even the most ardent and effective board member.
—
Gabriella M. Ruiz, Miami Herald, 13 May 2024
And condo owners are getting hit with special assessments and higher dues because premiums are skyrocketing for homeowners associations.
—Judith Kohler, The Denver Post, 11 May 2024
Last year’s regional banking crisis — which created ripple effects throughout the banking sector, including more than $20 billion in charges to big banks related to the FDIC’s special assessment — also sparked fears of a contagion akin to the 2008 financial crisis.
—Rocio Fabbro, Quartz, 2 May 2024
These expenses totaled $14.2 billion, rising 7% year-over-year, driven by the incremental FDIC special assessment charge of $251 million, and restructuring and repositioning costs totaling almost $500 million.
—Rocio Fabbro, Quartz, 12 Apr. 2024
The Free Press reported earlier this month that those repairs had been put on hold while some homeowners challenge proposed special assessments: $8.8 million for operations and maintenance over five years, and $217.7 million for capital costs over 40 years.
—Jennifer Dixon, Detroit Free Press, 14 Mar. 2024
Profits were dented by some one-time charges, including a special assessment by the Federal Deposit Insurance Corp., which charged big lenders to help refill its coffers from the bank failures in the spring.
—David Benoit, WSJ, 12 Jan. 2024
The lawyer argued the special assessments amount to an unconstitutional taking of property without due process or just compensation.
—Jennifer Dixon, Detroit Free Press, 14 Mar. 2024
That figure includes a $500 fine, a $1,000 community service payment to the Yellowstone Forever Geological Fund, a court processing fee of $30, and a $10 special assessment fee.
—EW.com, 14 Mar. 2024
Gabriella M. Ruiz, Miami Herald, 13 May 2024
And condo owners are getting hit with special assessments and higher dues because premiums are skyrocketing for homeowners associations.
—Judith Kohler, The Denver Post, 11 May 2024
Last year’s regional banking crisis — which created ripple effects throughout the banking sector, including more than $20 billion in charges to big banks related to the FDIC’s special assessment — also sparked fears of a contagion akin to the 2008 financial crisis.
—Rocio Fabbro, Quartz, 2 May 2024
These expenses totaled $14.2 billion, rising 7% year-over-year, driven by the incremental FDIC special assessment charge of $251 million, and restructuring and repositioning costs totaling almost $500 million.
—Rocio Fabbro, Quartz, 12 Apr. 2024
The Free Press reported earlier this month that those repairs had been put on hold while some homeowners challenge proposed special assessments: $8.8 million for operations and maintenance over five years, and $217.7 million for capital costs over 40 years.
—Jennifer Dixon, Detroit Free Press, 14 Mar. 2024
Profits were dented by some one-time charges, including a special assessment by the Federal Deposit Insurance Corp., which charged big lenders to help refill its coffers from the bank failures in the spring.
—David Benoit, WSJ, 12 Jan. 2024
The lawyer argued the special assessments amount to an unconstitutional taking of property without due process or just compensation.
—Jennifer Dixon, Detroit Free Press, 14 Mar. 2024
That figure includes a $500 fine, a $1,000 community service payment to the Yellowstone Forever Geological Fund, a court processing fee of $30, and a $10 special assessment fee.
—EW.com, 14 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'special assessment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Special assessment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/special%20assessment. Accessed 21 May. 2024.
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