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Equalization and Leveling

noun

(n.) The act of equalizing or state of being equalized.

In some jurisdictions, when it is necessary to correct inequalities in state wide tax assessments, an' equalization' factor is used to achieve uniformity. An equalization factor may be applied to raise or lower assessments in a particular district or county. The assessed value of each property in the area is multiplied by the equalization factor, and the tax rate is then applied to the equalized assessment.

noun

verb

  • Aim at.
    • usage: "level criticism or charges at somebody"
  • Tear down so as to make flat with the ground.
    • usage: "The building was levelled"
  • Make level or straight.
    • usage: "level the ground"
  • Direct into a position for use.
    • usage: "point a gun"; "He charged his weapon at me"
  • Talk frankly with; lay it on the line.
    • usage: "I have to level with you"
  • Become level or even.
    • usage: "The ground levelled off"