Equalizing and Equalization
(p.pr.&vb.n.) of Equalize.
Webster's Revised Unabridged Dictionary
noun
- The act of making equal or uniform.
- synonyms: equalisation, leveling
WordNet 3.0 © 2006 by Princeton University
(n.) The act of equalizing or state of being equalized.
Webster's Revised Unabridged Dictionary
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.