From HandWiki - Reading time: 3 min
| Taxation |
|---|
| An aspect of fiscal policy |
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]
Attempts at explicit equalization in tax assessments date back at least as early as 1799.[2]