What is equalization?
Equalization is the application of a uniform percentage increase or decrease to assessed values of various areas or classes of property in order to bring assessment levels, on average, to the same percentage of market value.

Equalization of assessed values is important (and performed) at each level of government - township, county and state.

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1. What is equalization?
2. Who has authority to equalize?
3. How much variation in assessments exists among the counties?
4. How does the equalization factor affect the assessment on a taxpayer's property?