assess

In common parlance, to assess means to evaluate. 

The word assess is commonly used in the context of tax law, specifically meaning to ascertain a valuation of a piece of property for purposes of tax calculation (see assessed value). To assess may also mean to calculate or determine the amount of something, such as a tax, a fine, or damages. 

[Last reviewed in March of 2025 by the Wex Definitions Team]

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