Last reviewed 08-20-2026Short-Sale.com Editorialglossary
ASSESSMENT
California Department of Real Estate
Updated 08-20-2026
ASSESSMENT
The valuation of property for the purpose of levying a tax or the amount of the tax levied. Also, payments made to a common interest subdivision homeowners- association for maintenance and reserves.
California Department of Real Estate Glossary
California Department of Real Estate · p. 4
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