equalization

equalization, n.

1. The raising or lowering of assessed values to achieve conformity.

2. Tax. The adjustment of an assessment or tax to create a rate uniform with another. — Also termed equalization of taxes; fair and proper legal assessment. [Cases: Taxation 446.5–450. C.J.S. Taxation §§ 621–641, 643, 724–725.]

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词条贡献者

资深译员王漾，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与税收策略及补贴有关的法律文件。