Property tax equalization
In today's world, Property tax equalization has become a topic of great relevance and interest to a wide variety of people. From its impact on society to its influence on the economy, Property tax equalization has generated numerous debates and generated growing interest in its study and understanding. In this article, we will explore different aspects related to Property tax equalization, analyzing its importance, its implications and its evolution over time. What is the role of Property tax equalization today? What has been its impact in various spheres of life? These and other questions will be addressed in order to provide a complete and detailed vision of this topic that is so relevant today.
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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
References
- ^ "Publication 136: Property Assessment and Equalization" (PDF). Springfield, Illinois: Illinois Department of Revenue. May 2019. p. 4. Retrieved 2019-12-29.
- ^ "Equalization". Trenton, New Jersey: New Jersey State League of Municipalities. Retrieved 2019-12-29.
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