A percentage of a property’s market
value.

Merriam-Webster Online Dictionary
assessment (noun)
1.
the action or an instance of - assessing appraisal
2.
the amount - assessed
Merriam-Webster Online Thesaurus
assessment (noun)
1.
a charge usually of money collected by the government from people or businesses for public use
SYNONYMS:
assessment, duty, imposition, impost, levy
RELATED WORDS:
direct tax, personal tax; capitation, custom(s), excise, hidden tax, income tax, poll tax, property tax, sales tax, single tax, sin tax, tariff, toll, tribute, value-added tax, withholding tax; supertax, surcharge, surtax; death tax, estate tax, inheritance tax; flat tax, proportional tax
assessment (noun)
2.
an opinion on the nature, character, or quality of something
SYNONYMS:
appraisal, appraisement, assessment, estimate, evaluation, fix, judgment ( judgement), value judgment
RELATED WORDS:
aperçu, feeling, impression, notion, perception; confidence, faith, stock, trust; belief, conviction, mind, persuasion, sentiment, view; conjecture, guess, hunch, hypothesis, surmise, theory
assessment (noun)
3.
the act of placing a value on the nature, character, or quality of something
SYNONYMS:
appraisal, appraisement, assessment, estimation, evaluation, reckoning, valuation
RELATED WORDS:
calculation, computation, measurement, mensuration; audit, check, checkup, examination, inspection, review, scan, scrutiny, survey; reassessment, transvaluation; overestimation, overevaluation; underestimation
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