- assess
- assess as‧sess [əˈses] verb [intransitive, transitive]1. to make a judgement about a person or situation after considering all the information:
• This information is needed to assess efficiency and effectiveness.
assess that• The federal government assessed that the assets had been acquired illegally.
2. to calculate how much something will cost to repair, how much something is worth, how much money someone should be given etc:• Ten loss adjusters are still assessing the extent of the damage.
assess something at• The net value of his estate was assessed at around £6,250,000.
3. to calculate the amount of tax someone should pay:assess somebody/something on something• The payroll tax isn't assessed on wages above a certain level.
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assess UK US /əˈses/ verb [T]► to make a decision about a person or situation after considering all the information: »The consultant was hired to assess the impact of the buyout on consumers.
assess that/whether »A lender must be able to assess that the borrower is able to pay back the loan.
»The appraisal system is designed to help you assess your strengths and weaknesses.
assess sb on sth »You will be assessed on your ability to take decisions quickly.
► to judge or decide the amount or value of something: assess sth at sth »The cost of repairs to the equipment was assessed at £2,000.
► ACCOUNTING, TAX to decide how much tax someone must pay on something: assess sb/sth for sth »Currently, 38 states require counties to assess properties for taxation.
»If you are self-employed, you will be required to submit a tax declaration so that you can be assessed for income tax.
assess sb/sth on sth »You will be assessed on all your income, including any interest you have earned.
Financial and business terms. 2012.