In which situation might the Board of Equalization be involved?

The involvement of the Board of Equalization specifically pertains to the process of appealing property values. This board typically serves as an impartial body that reviews and resolves disputes related to property assessments—ensuring that property values are assessed fairly and consistently. When a property owner believes that their property's assessed value is too high, they have the right to appeal this valuation to the Board of Equalization. The board then evaluates the evidence presented and can adjust the property values accordingly.

The other options involve functions that do not fall under the purview of the Board of Equalization. For instance, deciding new zoning laws is a matter of local government and planning departments, whereas collecting taxes is usually the responsibility of the county or city treasurer's office. Lastly, inventorying properties may be managed by a different set of real estate or municipal departments, focusing on property records and assessments rather than appeals of their values. Therefore, the Board of Equalization's specific role in handling property value disputes is crucial in maintaining fairness and equity in property taxation.