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County equalized & taxable values up for only 3rd time in last decade

Submitted by Phil Heimerl on April 26, 2018 – 12:48 amNo Comment

Equalized and taxable property values in Alpena County are up in 2018, for only the third time in the past decade.

It’s also the first time both values have increased in consecutive years since 2007-08.

The 2018 increases of .33 percent in equalized values and 1.32 percent in taxable values are smaller than the increases in 2017.

The total equalized value of all properties in the county in 2018 is approximately $1.045 billion.  The total taxable value is nearly $918 million.  The change in taxable value is close to $12 million, which equates to an estimated increase in revenue to the county of roughly $57,500.

All property types increased in value in 2018 with the exception of agricultural property, or farmland, and historical commercial property.

Taking a look at the individual municipalities within the county, only Long Rapids Township saw a decrease in both equalized and taxable values.  Equalized values were also down slightly in Alpena, Green and Ossineke townships.  Taxable values increased in all municipalities except for Long Rapids Township.

The largest taxable value increases occurred in Wilson Township and the City of Alpena.

County commissioners approved a resolution to adopt the 2018 Equalization Report earlier this week.

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