local assessment

A tax to pay for improvements (such as sewers and sidewalks) in a designated area, levied on property owners who will benefit from the improvements.

— Also termed local-improvement assessment. [Cases: Municipal Corporations 405. C.J.S. Municipal Corporations §§ 1116–1118.]

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词条贡献者

资深译员Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。