Assessment Equalization

Assessment equalization is a process used to ensure that property assessments are fair and consistent across different areas or jurisdictions. It aims to adjust the values of properties so that they reflect their true market value, avoiding disparities that can lead to unfair taxation. By evaluating and modifying assessments, local governments can ensure that property taxes are equitably distributed among residents, so that no one group bears a heavier financial burden than another. This process promotes fairness in the tax system and enhances public trust in local governance.