To: Board of County Commissioners
From: Mellissa K. Hayduk
title
RE: Approval of the 2025 Genesee County Equalization Report
recommendation
BOARD ACTION REQUESTED:
Approval of the 2025 Genesee County Equalization Report. After approval, the Resolution authorizes and directs the Chairperson, the Clerk of the BOC, and the County Equalization Director to sign the 2025 Michigan Department of Treasury forms (L-4024) for and on behalf of Genesee County. This form will then be submitted for State Equalization. *****ROLL CALL VOTE REQUESTED*****
BACKGROUND:
The Equalization Department serves as a liaison between the County Board of Commissioners (BOC), the State Tax Commission, the local units of government, and the public. The County Equalization Department annually advises and assists the BOC in determining the true cash value of the County and equalizing the property tax assessments on a countywide basis.
The Equalization process is vital to guaranteeing that properties are assessed at 50% of market value as is required by Article IX, Section 3 of the Michigan Constitution of 1963. County Equalization serves as a check on assessments determined at the local level, ensuring they are fair and equitable across the County.
The equalization process also sets the property tax base for the county and helps to ensure that property taxes are levied in a fair and equitable manner.
Each year, under guidelines established by the State Tax Commission, the Equalization Department works with township and city assessors to assure proper equalized values for real and personal property throughout the county.
The Equalization Department’s main purpose is to correct the inequities that may occur between local units of government as a result of under or over assessment of a property class. The Equalization Department does not determine individual assessments, that is the sole responsibility of the local assessor. The equalization process is accomplished using sales and appraisal studies performed on individual property classes in each township and city throughout the county.
The results of these sales and appraisal studies are used to determine the true cash value of each property class (residential, commercial, industrial, agricultural, developmental, timber cutover, and personal property). The department’s equalization studies are compared to the corresponding property class totals as determined by the assessor for each township and city. If necessary, the department applies a “County Equalization Factor” to those classes that have an “average level” of assessment above or below 50% of true cash value.
DISCUSSION:
Attached please find the 2025 Genesee County Equalization Report. This report consists of six (6) pages listing each local unit of government within Genesee County and the corresponding assessed and county equalized valuations for each.
Page 1 of the report shows the total assessed and county equalized values of each governmental unit, individually stating total real property, total personal property, and combined valuations of both. Pages 2 and 3 show the assessed and county equalized values broken down by classification for all real property within each governmental unit. Page 4 shows the required adjustments needed for each property classification based on final board of review activity. Page 5 shows the multipliers to be applied against the assessed valuations in each classification of property to equalize. Page 6 shows the parcel count of each classification of property within each unit of government. This report indicates that all classifications of property within each unit of government will be equalized as assessed for the 2025 year.
The L-4024 Report has been included as part of the 2025 Equalization Report. This report is generated from the State Tax Commission MEG website after all values have been entered. The report has the same information as pages 1 - 3 of the above-mentioned report and includes signature lines for the proper officials once county equalization has been finalized.
The total county equalized valuation INCREASED 1,081,692,113 or +6.06% from 2024 to 2025. Following is the breakdown of valuations and change by class:
2024 CEV 2025 CEV CHANGE % CHANGE
Agricultural 289,509,480 306,711,700 +17,202,220 + 5.94%
Commercial 2,805,349,325 2,922,806,490 +117,457,165 + 4.19%
Industrial 394,676,900 414,996,700 +20,319,800 + 5.15%
Residential 13,444,606,640 14,310,251,365 + 865,644,725 + 6.44%
Developmental 0 0 0 0
Personal Property 914,827,497 975,895,700 +61,068,203 + 6.68%
Total 17,848,969,842 18,930,661,955 +1,081,692,113 + 6.06%
Please reach out to me if you have any questions.
IMPACT ON HUMAN RESOURCES:
N/A
IMPACT ON BUDGET:
N/A
IMPACT ON FACILITIES:
N/A
IMPACT ON TECHNOLOGY:
N/A
CONFORMITY TO COUNTY PRIORITIES:
The process of equalization helps to provide teamwork, trust, transparency, accountability and fair and equitable taxation throughout the county.
resolution
TO THE HONORABLE CHAIRPERSON AND MEMBERS OF THE GENESEE COUNTY BOARD OF COMMISSIONERS, GENESEE COUNTY, MICHIGAN
LADIES AND GENTLEMEN:
WHEREAS, this Board of County Commissioners of Genesee County, Michigan, assisted by the Genesee County Equalization Department, has examined the assessment rolls of the several townships and cities of Genesee County and has ascertained whether the real and personal property in those respective townships and cities has been equally and uniformly assessed; and
WHEREAS, this Board has determined that the valuations that appear in the attached 2025 Genesee County Equalization Report are sums which represent true and equally and uniformly assessed values, equalized values indicated therein having been equalized uniformly at the same proportion of true cash value for both real and personal property.
NOW, THEREFORE, BE IT RESOLVED, that this Board, in an open and public meeting, does hereby determine the equalized values of both real and personal property in Genesee County to be those set forth in the attached 2025 Genesee County Equalization Report, said realty being separately equalized by class as required by law, and that this Board does hereby adopt said 2025 Genesee County Equalization Report.
BE IT FURTHER RESOLVED, that said report and the determinations represented therein and in this resolution are hereby entered and directed to be entered by the County Clerk/Register upon the records of this County and Board pursuant to section 34 of Act 206 of 1893, as amended, being MCL §211.34, as amended.
BE IT FURTHER RESOLVED, that the Chairperson, the Clerk of this Board, and the County Equalization Director are hereby authorized and directed to sign corresponding 2025 Michigan Department of Treasury forms (L-4024), for and on behalf of Genesee County.
Attachment