Property tax equalization
Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property.
This article needs attention from an expert in taxation. The specific problem is: It will be difficult to explain this subject, its history, and methods in lay terms without some skill. (December 2019)
- "Publication 136: Property Assessment and Equalization" (PDF). Springfield, Illinois: Illinois Department of Revenue. May 2019. p. 4. Retrieved 2019-12-29.
- "Equalization". Trenton, New Jersey: New Jersey State League of Municipalities. Retrieved 2019-12-29.