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Definition. Process by which a taxation authority (such as a state or municipality tax board) tries to ensure that all taxable property under its jurisdiction is assessed for property taxes at the same percentage of its market value.This percentage is called equalization rate.efinition. Process by which a taxation authority (such as a state or municipality tax board) tries to ensure that all taxable property under its jurisdiction is assessed for property taxes at the same percentage of its market value.
âDilutionâ is calculated based on returns, allowances and deductions from sales, i.e. the reduction of gross sales to net sales. The advance rate of 80% is usually used when the dilution rate is around 5%. With very low dilution rates, an advance rate of 85% is not uncommon.