What is a "summary of assessments"?

A "summary of assessments" refers to a comprehensive report that details the assessed values of all properties within a jurisdiction. This document is crucial for local governments and assessing offices, as it provides an aggregate view of property values, which can be used for budgeting, tax assessments, and planning purposes. By compiling information on property assessments, this summary helps ensure that property taxes are set fairly and accurately based on current market values.

In the context of property assessment, it is vital for assessors to maintain a clear and systematic outline of the assessed values to inform the public and stakeholders about property taxation and investment conditions. This summary can also serve as a resource for understanding market trends and assessing the economic health of the community.

The other options, while they may have their own importance, do not align with the definition of a "summary of assessments." A report on properties sold provides transactional data, a summary of property crimes pertains to security and crime statistics, and an overview of community development plans is related to planning and zoning rather than property valuation. Thus, the focus on assessed values makes the correct choice the most appropriate for defining a "summary of assessments."