Meaning equalization rate
What does equalization rate mean? Here you find 2 meanings of the word equalization rate. You can also add a definition of equalization rate yourself
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equalization rateDefinition Percentage of the fair market value of a property at which that property is assessed for property tax. It is computed by dividing the total assessed value of the property with its market va [..]
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equalization rateIn simple terms, an equalization rate represents the average level of assessment in each community. For example, an equalization rate of 80 means that, on average, the property in a community is being assessed at 80% of its market value. The words "on average" are stressed to emphasize that that an equalization rate of 80 d [..]
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