What does Board of Equalization mean?
A Board of Equalization is a state-level agency that is responsible for reviewing and adjusting property tax assessments in order to ensure that they are fair and accurate. The Board of Equalization hears appeals from property owners who believe their property has been assessed at an incorrect value and makes adjustments as necessary.
Related Terms
Home Inspection
Certificate of Title
Exclusive Listing
Growing-Equity Mortgage
Origination Fee
Repossession
Reverse Mortgage
Principle of Conformity
Book Value
Purchase Agreement
Transfer Tax
Ground Rent
Deed of Trust
Cash reserves
Assumption Clause
Extension Option
Breach of Covenant
Historic Preservation