Equalization and Assessment, Division of
The State Board of Equalization was established by Laws of 1859 (Chapter 312) to equalize county property value assessments on the basis of which a State property tax was levied. As a result of the 1925 State government reorganization, the board was placed in the Department of Taxation and Finance with responsibilities for coordinating and equalizing assessments for use in distributing State aid to municipalities and setting municipal tax limits after the State property tax was discontinued in 1928.