The ratio that indicates the level of tax burden between different properties in a jurisdiction is known as?

The assessment ratio is crucial in determining the level of tax burden among various properties within a jurisdiction. This ratio reflects the relationship between a property's assessed value and its market value, providing insight into how fairly properties are assessed relative to one another. A higher assessment ratio suggests that a property is being assessed at a greater proportion of its market value, leading to a potentially heavier tax burden compared to properties with lower assessment ratios.

Understanding the assessment ratio helps in evaluating equity in taxation, as it can identify disparities that could arise due to inconsistent assessment practices. This metric not only helps tax assessors make informed decisions but also aids property owners in understanding their own tax responsibilities relative to others.

The other choices highlight related concepts: the equalization ratio focuses on adjusting assessments to ensure fairness across different jurisdictions, the tax rate determines how much tax is levied based on assessed values, and the market ratio compares assessed values to market values but does not specifically address the tax burden among properties.