Why equalization?

Since ad valorem taxes are based on value, it is imperative to have all property valued periodically on a uniform basis, using a modern system of valuation. Since market value appraisals become the foundation for assessments, equalized values create equalized and uniform taxes. Equalization also creates a more healthful tax climate in the community with the assurance that each taxpayer is paying only his fair share.

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1. What is the purpose of a revaluation program?
2. Why equalization?
3. How is my property value determined?
4. What is fair market value?
5. What will happen to tax bills?
6. What is the appeal process?