The Equalization Department annually advises and assists the Board of Commissioners in determining the true cash value of the county and equalizing the property tax assessments on a county-wide basis. To achieve this monumental task, the department conducts annual sales and appraisal studies for each class of property. These studies are used to equalize assessed values for all classes of property in all twenty-one local units of government within Lapeer County.
The process of County Equalization is mandated by Section 211.34 of the General Property Tax Act of the State of Michigan, which states in part that the County Board of Commissioners shall examine the assessment rolls of the townships or cities each year for uniformity and equity.
The General Property Tax Act goes on to state that the County Board of Commissioners of a County shall establish and maintain a department to survey assessments and assist the Board of Commissioners in the matter of equalization of assessments.
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 an individual assessment. That is the sole responsibility of the local assessor.