The state-determined measure of the equalized valuation of the taxable property base in local jurisdictions is often crucial in the disbursement of state funds. This note describes the outcome of an equalization study for the state of Massachusetts. The results suggest that the ratio of aggregate equalized valuation to true market valuation is always less than one and varies systematically with the population of the communities involved.
Get full access to this article
View all access options for this article.
References
1.
ClettenburgK. (1972) “Multiple regression analysis as applied to the equalization process: Case study.”. Land Economics48 (February): 90–92.
2.
OldmanO.AaronH. (1965) “Assessment–sales ratios under the Boston property tax.”. National Tax J. 18 (March): 36–49.
3.
RubinfeldD. (1972) “Credit ratings and the market for general obligation municipal bonds.”. National Tax J. 26 (March): 17–28.
4.
RubinfeldD. (1973) “Credit ratings, bond defaults, and municipal borrowing costs: a New England study.” Proceedings of the Sixty-Fifth Annual Conference on Taxation: National Tax Association: 331–350.
5.
Vogt Ivers, Associates (1965) “Comprehensive land use inventory report.” Metropolitan Area Planning Council, Department of Commerce and Development, Commonwealth of Massachusetts.
