How is an assessment typically calculated?

An assessment is typically calculated based on the principle of benefiting each parcel or business, making option B the most accurate choice. This method acknowledges that property assessments should reflect the value received from public services or infrastructure improvements. Essentially, if a property receives more significant benefits from a project—such as enhanced roadways, utilities, or other municipal services—it is appropriate for that property to bear a larger share of the costs associated with funding those benefits.

This approach is grounded in the idea of equity: property owners should pay assessments that are proportional to the value they derive from governmental services and improvements, ensuring that the cost burden is distributed fairly. Thus, the assessment calculation aims to create a more equitable funding system where costs correlate to benefits received.