Equalization is a division of the Management and Budget Department.
Our role is to assist the Board of Commissioners
in equalizing the assessed value
of Oakland County. This is accomplished by adding to or deducting, if necessary, from the assessed value of each class of property in all 52 assessing jurisdictions, in order to bring each entity to a common level of valuation.
We compile sampling data, reports and statistics on property valuations in the County for use by the Finance Committee
, and annually assist in the preparation of the Local Tax Report
to be presented to the Board of Commissioners.
In 1994, we became responsible for making Homestead Exemption
decisions and in 1995 became required to reassess all ownership transfers, administer an additional assessment cap, and handle the appeals pertaining to these activities.
We are also charged with reviewing and preparing reports for millage rollback calculations
throughout the County, and administering requirements mandated by Proposal A
and any additional mandated requirements.