In some jurisdictions, when it is necessary to correct inequalities in state wide tax assessments, an' equalization' factor is used to achieve uniformity. An equalization factor may be applied to raise or lower assessments in a particular district or county. The assessed value of each property in the area is multiplied by the equalization factor, and the tax rate is then applied to the equalized assessment.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). equalization. Retrieved September 20, 2026, from http://smartdefine.org/equalization/definitions/1153018 |
| Chicago | Barry Goldsmith. 2010. "equalization" http://smartdefine.org/equalization/definitions/1153018 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, equalization, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/equalization/definitions/1153018>. |
| MLA | Barry Goldsmith. "equalization" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/equalization/definitions/1153018> |