Special assessments are imposed nonexchange transactions, similar to property tax levies.

Name: Special assessments are imposed nonexchange transactions, similar to property tax levies.
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Quizplus · Accepted Answer

Special assessments are indeed imposed nonexchange transactions, similar to property taxes, where the government assesses a charge on property owners for specific projects or services that benefit the property, such as street improvements or sewer lines.

Special Assessments Are Imposed Nonexchange Transactions, Similar to Property Tax