Central Assessment

Concept of Central Assessment in the context of Real Property

A short definition of Central Assessment: An assessment of property under one ownership but located in more than one assessment district. Used for railroads and public utilities to stabilize the assessment value.

Concept of Central Assessment in the context of Real Property

A short definition of Central Assessment: An assessment of property under one ownership but located in more than one assessment district. Used for railroads and public utilities to stabilize the assessment value.