Equalization

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Definition: Equalization

Equalization
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Full Definition of Equalization

Process by which a taxation authority (such as a state or municipality tax board) tries to ensure that all taxable property under its jurisdiction is assessed for property taxes at the same percentage of its market value. This percentage is called equalization rate.

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https://payrollheaven.com/define/equalization/
Modern Language Association (MLA):
Equalization. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/equalization/.
Chicago Manual of Style (CMS):
Equalization. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/equalization/ (accessed: April 20, 2024).
American Psychological Association (APA):
Equalization. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/equalization/

Definition Sources

Definitions for Equalization are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.