Link to this slang definition. To link to this term in a web page or blog, insert the following. <a href=http://onlineslangdictionary.com/meaning-definition-of/kosher>kosher</a>. To link to this term in a wiki such as Wikipedia, insert the following.
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.
DEFINITION of 'Equalization Reserve'. A long-term reserve that an insurance company keeps for the purpose of preventing cash-flow depletion in the event of a significant unforeseen catastrophe. Next Up.