In today's world, Property tax equalization has become a topic of great relevance and interest to various sectors of society. The impact of Property tax equalization has been reflected in multiple areas, from politics to technology, including culture and the economy. It is undeniable that Property tax equalization has generated a deep debate and has aroused great interest throughout the world. Throughout this article, we will explore different aspects related to Property tax equalization, analyzing its influence in various contexts and its relevance today.

Process used in calculation of property taxes

This article is about equalization of assessed values for property taxes. For equalization of workers' taxes between countries, see Tax equalization.

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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.

Attempts at explicit equalization in tax assessments date back at least as early as 1799.

See also

• Fair market value

References

1. ^ "Publication 136: Property Assessment and Equalization" (PDF). Springfield, Illinois: Illinois Department of Revenue. May 2019. p. 4. Retrieved 2019-12-29.
2. ^ "Equalization". Trenton, New Jersey: New Jersey State League of Municipalities. Retrieved 2019-12-29.

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