What is the composition of the Board of Equalization?

The Board of Equalization is primarily responsible for overseeing property tax assessments and ensuring that the values are fair and equitable across the jurisdiction. The correct composition of this board is five members. This structure is designed to allow for diverse viewpoints and expertise while also facilitating efficient decision-making. A board of this size can adequately handle the responsibilities involved in equalizing property assessments and addressing any appeals or disputes that may arise, while still being small enough to maintain cohesiveness and make timely decisions.

Other options that suggest a composition of either three, seven, or nine members do not align with the established regulations governing the Board of Equalization in Guam. A smaller board may lack the necessary perspective and variety of expertise, while a larger board could complicate the decision-making process and lead to inefficiencies. Thus, a five-member board strikes an appropriate balance for the responsibilities it is tasked with.