There are multiple definitions - click on the translation that matches your context.

Festsetzung

Substantiv

full

assessment

noun

Comparative law notes

Germany

In a tax context, this translation is the best choice.

Definitions of assessment

English

the calculation of a value or a fee

You can appeal a tax assessment in either the District Court or the Claims Court.

English

the process of evaluating, making a judgment or forming an opinion after careful consideration

First, give me your general assessment of the situation.