unit assessment

A separate assessment for taxation of parts or parcels of land belonging to the same owner. 51 Am J1st Tax § 686. The assessment for taxation of the property of transportation and communication companies owning, or operating upon, it continuous line of property, such as tracks or wires, extending into or through several states, or several Counties or other taxing districts of a single state, as a homogenous unit representing a single profit-earning business, as an alternative to assessing separately so much of the line as lies within the state or smaller taxing unit in question, assuming that such portion of the entire assessment representing the share referable to the particular taxing district in question is set aside by a proper and reasonable method of apportionment 51 Am J1st Tax § 877. See unit valuation rule.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • unit rule — The rule applied in some political conventions that the entire vote of a delegation shall be cast as a unit, the proposition or candidate for whom it is to be cast being determined by a majority vote of the delegation. See unit assessment; unit… …   Ballentine's law dictionary

  • unit rule in taxation — See unit assessment; unit valuation rule …   Ballentine's law dictionary

  • unit valuation rule — The rule that the value of shares of corporate stock for death tax purposes is ascertained by multiplying the total number of shares to be valued by the sale price of one share sold on an exchange. Citizens Fidelity Bank & Trust Co. v Reeves (Ky) …   Ballentine's law dictionary

  • Assessment for Learning — In classrooms where assessment for learning is practised, students know at the outset of a unit of study what they are expected to learn. At the beginning of the unit, the teacher will work with the student to understand what she or he already… …   Wikipedia

  • unit of value — 1. : the amount of some one thing taken as a standard by comparison with which to reckon the value of other things 2. or unit of assessment : the unit of length, surface, capacity, or weight that an assessor used in calculations of or values for… …   Useful english dictionary

  • assessment district — A unit of territory for the assessment of property for taxation; a district specially benefited by a local public improvement with the consequence that a special or local assessment is made against the property in the district to finance the… …   Ballentine's law dictionary

  • unit — An individual item that is not further divided in smaller elements for analytical or operational purposes. In production processes, for example, manufactured items are counted in units (which typically represent a finished *consumer good) and… …   Auditor's dictionary

  • unit of assessment — see unit of value 2 …   Useful english dictionary

  • unit stock — a population of fish, either of one or a number of species, grouped together for assessment purposes which may or may not include all the fish in a stock. The fish occupy a particular area and live independently of other populations of the… …   Dictionary of ichthyology

  • assessment — Synonyms and related words: Irish dividend, account, allowance, analyzing, appraisal, appraisement, appraising, appreciation, apprizal, approximation, assessing, assize, assizement, bill, blackmail, blood money, calculation, categorization, cess …   Moby Thesaurus

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