Local governments implement property taxation to generate new revenues and to reduce central government subsidies. As governmental properties are conveyed to the private sector, the land records information systems also provide ownership and parcel information needed to support, assess and generate equitable property taxes. Current information allows timely updates to property value changes. These byproducts are an attractive benefit of an accurate land records system. Critical to this function are equalization and equity in order to assure consistent yield, fair allocation of taxes to landowners, and adequate revenues to finance ongoing public services and local infrastructure improvements.