Some taxing bodies recognize that local assessments can lead to unfairly high or low values for properties in certain areas. therefore the jurisdiction may establish to level out the unevenness of valuations.

Some taxing bodies recognize that local assessments can lead to unfairly high or low values for properties in certain areas. Therefore, the jurisdiction may establish equalization factors to level out the unevenness of valuations. If assessed values of properties in one county are steadily ten percent below the average for other counties, an equalization board may multiply each assessed value in that county by a factor of 110% to increase them to the normal level for the state. An equalization factor is a aspect by instance the evaluated worth of a property is increased to reach at a worth for the property that is in track with statewide tax assessments. The ad valorem tax would be established on this accustomed significance. 

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Next mouth we will have a new moon.