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
The dynamic has put some condo owners in a double bind, Marcus said — unable to afford special assessments for repairs or rising maintenance fees and insurance rates, but also unable to sell their units for a reasonable sum.
—
Andres Viglucci, Miami Herald, 4 Apr. 2025
Associations with little money saved in reserves may need special assessments or long-term loans to fund major refurbishments.
—Kelly G. Richardson, San Diego Union-Tribune, 18 Mar. 2025
Many elderly condo unit owners have reported that monthly maintenance fees, insurance costs and special assessments tied to the new rules have increased by hundreds of dollars, threatening their abilities to remain in their units.
—Ron Hurtibise, Sun Sentinel, 8 Mar. 2025
As a result, many Floridians could lose their insurance, compelling associations to implement steep special assessments that will hit seniors, retirees, and low-income residents the hardest.
—Matt Robison, Newsweek, 25 Feb. 2025
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Andres Viglucci, Miami Herald, 4 Apr. 2025
Associations with little money saved in reserves may need special assessments or long-term loans to fund major refurbishments.
—Kelly G. Richardson, San Diego Union-Tribune, 18 Mar. 2025
Many elderly condo unit owners have reported that monthly maintenance fees, insurance costs and special assessments tied to the new rules have increased by hundreds of dollars, threatening their abilities to remain in their units.
—Ron Hurtibise, Sun Sentinel, 8 Mar. 2025
As a result, many Floridians could lose their insurance, compelling associations to implement steep special assessments that will hit seniors, retirees, and low-income residents the hardest.
—Matt Robison, Newsweek, 25 Feb. 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 17 Apr. 2025.
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