underassess

verb

underassess

verb

Etymology From under- + assess.

1

To assess at too low a value.

So a school district whose property is underassessed will get more state aid than it deserves.1988 December 9, Ben Joravsky, “Property-tax assessments rise; north siders are revolting”, in Chicago Reader, archived from the original on 24 Oct 2020:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.