valuation
equalization factor
An equalization factor is a multiplier applied to assessed values in a taxing district to bring them in line with values elsewhere, so that property taxes are distributed fairly when local assessors have assessed at different levels. A factor greater than 1 raises assessments; a factor less than 1 lowers them. The equalized value is then used to calculate the tax. Whether and how equalization is used varies by state.
- Exam tip
- Apply the factor to the assessed value before applying the tax rate. Multiply, don't add.
- Example
- A home assessed at $100,000 in a county with a 1.2 equalization factor has an equalized value of $120,000 for tax purposes.
Related terms & state variants
Sources
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Last verified: 2026-10-23