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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.
An offense rate, or crime rate, defined as the number of offenses per 100,000 population, is derived by first dividing a jurisdictionâs population by 100,000 and then dividing the number of offenses by the resulting figure. clearance rate differs conceptually from a crime or arrest rate in that both the numerator and denominator constitute the same unit of count (i.e., crimes). Unlike a crime or arrest rate, a clearance rate represents percentage data. A clearance rate is, therefore, equivalent to the percentage of crime cleared.