Assessment Collection
/ˌæsɛsmənt kəˈlɛkʃən/
Definitions
- (n.) The process or act of gathering assessments or evaluations, typically of property value or financial obligations, for legal or administrative purposes.
The county initiated the assessment collection to ascertain property taxes owed by residents.
- (n.) Funds or payments collected as part of an imposed assessment, such as fees, taxes, or charges mandated by law or contract.
The homeowners' association began assessment collection to pay for community repairs.
Forms
- assessment collection
Related terms
See also
Commentary
Assessment collection often arises in contexts involving property tax or debt enforcement; clarity in specifying the type of assessment and collection mechanism is essential in legal drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.