Equalization Board Law and Legal Definition

Equalization board refers to a local governmental agency whose function is to supervise the equalization of taxes among various properties and among various districts to bring about an equitable distribution of tax burdens. An example of a local equalization board is the California State Board of Equalization. The mission of the board is to serve the public through fair, effective, and efficient tax administration. This board was established in 1879 through a constitutional amendment. The board’s revenue is used to support state and local government’s programs and services, including schools and colleges, hospitals and health care services, criminal justice, correctional, and social welfare programs, law enforcement, consumer services, natural resource management, and transportation and housing programs. The board also acts as the appellate body for franchise and income tax appeals. The board consists of five members elected for a period of four years.