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AI- 3548   8. a.    
BOC Regular
Meeting Date: 04/13/2021  
Approval of the 2021 Equalization Report and Resolution
FROM: Jim Dyer, Corporation Counsel, Corporation Counsel
Department: Corporation Counsel  

Information
RESOLUTION:
Resolved, the Calhoun County Board of Commissioners does accept and adopt the 2021 Equalization Report and accompanying 2021 Equalization Resolution, as presented.
RECOMMENDATION:
The Equalization Department and County Administration recommend accepting the 2021 Equalization Report and Resolution, as presented. 
BACKGROUND:
The Calhoun County Equalization Department has prepared the attached report of values within the 19 townships and 4 cities in the County.

The values as shown in the report are extracted from the local governmental unit 2021 assessment rolls. The rolls have met all the criteria required and have been equalized to compensate for any inequities between jurisdictions based on the studies conducted by your Calhoun County Equalization Department as required by Section 211.34 of the Michigan Compiled Laws. The Department believes no county equalization factors are required, and recommends that the County accepts and equalizes each assessment roll as submitted.

The 2021 values, as stated in this report, indicate a 3.6% increase in equalized value when compared to the 2020 values. The reported 2021 county total equalized value is: FOUR BILLION, EIGHT HUNDRED SEVENTY NINE MILLION, ONE HUNDRED EIGHTY THREE THOUSAND, FIVE HUNDRED THIRTY ONE DOLLARS ($4,879,183,531).
 
ALTERNATIVES:
Adoption of the Resolution is an annual requirement of the General Property Tax Act.
SUMMARY:
The Equalization Department and County Administration recommend that the Calhoun County Board of Commissioners accept and adopt the 2021 Equalization Report and accompanying 2021 Equalization Resolution, as presented.

Fiscal Impact
Attachments
2021 Equalization Report Letter
2021 Equalization Resolution
2021 Equalization Report- Complete
2021 Equalization L-4024 Report

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