Keyword Analysis & Research: board of equalization

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What is equalization factor?

equalization factor. Definition. A factor (number) by which the assessed value of a property is multiplied to arrive at a value for the property that is in line with statewide tax assessments. The ad valorem tax would be based on this adjusted value.

What is equalization reserve?

Equalization reserve is a long-term reserve that an insurance company keeps to prevent cash-flow depletion in case of significant unforeseen catastrophe.

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