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
Brent ToderianAppeals 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
Keith R. Ihlanfeldt… made an error in its measurements of the … property, which resulted in an overassessment of about $24 million.—Damon Lawrence
Damon Lawrence
overassess
ˌō-vər-ə-ˈses
transitive verb
-a-
overassessed; overassessing
Experts estimate that between 30 to 60 percent of taxable property is overassessed.
—Barry Sharpe
Barry Sharpe
… the properties of some predominantly minority school districts were overassessed an average of 27 percent …
—Matt Clark
Matt Clark
… a large condo tower full of overassessed units.
—Aaron Elstein
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
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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
Dictionary Entries Near overassessment
Cite this Entry
“Overassessment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overassessment. Accessed 28 Nov. 2024.
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