overassessment

noun

over·​as·​sess·​ment ˌō-vər-ə-ˈses-mənt 

-a-

plural overassessments

: the act or an instance of assessing something (such as a property) at too high a rate, amount, or value : improperly high assessment

If anyone has had to sell their [condo] units for a loss, that has … to do with speculation, and overassessment of what the units were actually worth.

—Brent Toderian

Appeals coming from the neighborhood are expected to alert the tax assessor to the neighborhood's overassessment, causing assessments to be lowered in the following year.

—Keith R. Ihlanfeldt

… made an error in its measurements of the … property, which resulted in an overassessment of about $24 million.

—Damon Lawrence

overassess

ˌō-vər-ə-ˈses 

-a-

transitive verb

overassessed; overassessing

Experts estimate that between 30 to 60 percent of taxable property is overassessed.

—Barry Sharpe

… the properties of some predominantly minority school districts were overassessed an average of 27 percent …

—Matt Clark

… a large condo tower full of overassessed units.

—Aaron Elstein

Examples of overassessment in a Sentence

Recent Examples on the Web

The overtaxation of Detroit residents is part of a national racial justice issue, said Bernadette Atuahene, a professor at Chicago-Kent College of Law who has studied overassessment in Detroit, and who is part of the Coalition for Property Tax Justice. —Emma Stein, Detroit Free Press, 23 Jan. 2022

That may be one indication of overassessment. —Nushrat Rahman, Detroit Free Press, 14 Oct. 2022

Alsup said there is a distinction between overtaxation and overassessment. —Nushrat Rahman, Detroit Free Press, 14 Oct. 2022

City Council has allocated $6 million to fund a property tax overassessment program for legacy Detroiters using surplus funds from last year's budget. —Dana Afana, Detroit Free Press, 14 Apr. 2022

Out of over 400,000 parcels, there will be cases of overassessment because nothing is 100%. —Nushrat Rahman, Detroit Free Press, 7 Oct. 2022

That's a win, said Bernadette Atuahene, a professor at Chicago-Kent College of Law who has studied overassessment in Detroit, and the leader of the Coalition for Property Tax Justice. —Nushrat Rahman, Detroit Free Press, 26 Mar. 2021

Word History

First Known Use

1644, in the meaning defined above