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Process used in calculation of property taxes From Wikipedia, the free encyclopedia
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.[1]
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) |
Attempts at explicit equalization in tax assessments date back at least as early as 1799.[2]
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