underassessed Definition
assessed at too low a value.
Using underassessed: Examples
Take a moment to familiarize yourself with how "underassessed" can be used in various situations through the following examples!
Example
The property was underassessed, and therefore the owner paid less in taxes than they should have.
Example
The company's assets were underassessed, leading to an undervaluation of the business.
Example
The painting was underassessed by the appraiser, resulting in a lower insurance value.
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Summary: underassessed in Brief
'Underassessed' [ˌʌndərəˈsɛst] is an adjective that describes something that has been assessed or valued at too low a value. This term is often used in the context of taxes, property, and assets, as in 'The property was underassessed, and therefore the owner paid less in taxes than they should have.'
