How to Calculate Property Value With an Equalization Ratio

Determine the equalization rate that your municipality uses to assess your property value. You may find the rate on the municipality's website or by contacting the property tax collector's office. For example, assume the equalization rate is 50 percent in the municipality where your property is located.

Determine your property's assessed value. You may find this on a recent property tax bill or by contacting your local property tax collector's office. In the example, assume your property's assessed value is $175,000.

Divide your property's assessed value by the equalization rate to calculate the property's market value. In the example, divide $175,000 by 50 percent, or 0.5, resulting in a property market value of $350,000.