Simple English definitions for legal terms
Read a random definition: real estate investment trust (REIT)
A Board of Equalization is a group of people who work for the government and are responsible for making sure that taxes are distributed fairly. They make adjustments to tax rates in different areas so that everyone pays their fair share. This helps to make sure that everyone is treated equally when it comes to paying taxes.
A Board of Equalization is a local government agency responsible for adjusting tax rates in different districts to ensure that the tax burden is distributed fairly. It is also known as an Equalization Board.
For example, if one district has a higher tax rate than another, the Board of Equalization may adjust the rates to make them more equal. This helps to ensure that everyone pays their fair share of taxes.
Another example is if a property owner believes that their property has been assessed at too high a value, they can appeal to the Board of Equalization to have it re-evaluated. The Board will then review the assessment and make any necessary adjustments.