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If my local assessor values properties at 100% and in the next township they value at only 10%, are they still paying their fair share of taxes?

April 26, 2017assessor fair local paying properties Township value values

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If my local assessor values properties at 100% and in the next township they value at only 10%, are they still paying their fair share of taxes?

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Yes, they are. When a taxing entity (e.g. school, county) covers multiple assessing units, it is first necessary for all of the assessments to be equalized before tax rates are calculated. To equalize these assessments or, in other words, to place everyone on a level playing field, all of the assessed values are first brought up to 100% (full value). This is accomplished by dividing the assessments in the various municipalities by their corresponding equalization rates or levels of assessment.