tax assessment

• Verfahren oder Ergebnis der Bewertung von Vermögen, Einkommen oder Aktiva zur Feststellung der an die Steuerbehörde zu zahlenden Steuer; auch die Festsetzung der Steuerschuld.

The process or result of evaluating the value of property, income, or assets to determine the amount of tax owed to a government authority.

1. Official tax valuationB2formal

   The process or result of determining the value of property or income for the purpose of calculating taxes owed.

   Amtliche Steuerbewertung

   • The tax assessment for the property was higher than expected.
   • He appealed the tax assessment on his house.
   • The government issued a new tax assessment for all businesses.

2. Tax liability determinationB2formal

   An official evaluation by a tax authority of the amount of tax a person or entity must pay.

   Steuerfestsetzung

   • She received a tax assessment notice in the mail.
   • The tax assessment included penalties for late payment.
   • They are disputing the tax assessment from the local council.