equalization
noun [ U ]
(UK also equalisation) uk/ˌiːkwəlaɪˈzeɪʃən/ us/ˌiːkwəlɪˈzeɪʃən/ PROPERTY, TAX
in the US and Canada, a process in which each local tax authority tries to make sure that the amount of tax to pay on a property is calculated at the same percentage of its value as other properties:
The county's equalization director confirmed that property values had come to a standstill, rising only 1.6% over a 12-month period.
the process of making laws or treatment the same for all people or companies in a group or place:
equalization of sth There are new rules which allow for the gradual equalization of pensions between men and women.