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Wayne County assessor: taxable value up 5.48% from 2024; commission will vote on equalization May 1
Summary
Wayne County Director of Assessment and Equalization Scott Van Damurgo told commissioners the county'wide assessed value rose 7.64% from Feb. 2024 to Feb. 2025 and taxable value rose 5.48%. The full commission will consider and vote on the equalization report at its May 1 meeting.
Scott Van Damurgo, Wayne County director of assessment and equalization, told the Wayne County Commission on April 15 that the county'wide assessed value rose 7.64% from February 2024 to February 2025 and the taxable value'the number used as the county's tax base'rose 5.48%.
Van Damurgo said the increases reflect a strong real estate market and new development across Wayne County. "The overall assessed value from 02/2024 to 02/2025 went up by 7.64%," he said, and added that "the taxable value ... went up by 5.48%." He also said residential property showed the largest gains, with average residential class increases near double digits.
Why it matters: the taxable value is the figure the county uses as its tax base; shifts in taxable value affect how much revenue the county can raise without changing millage rates. Van Damurgo told commissioners the data being presented trails market activity by about 24 months and that the county's growth rate is still strong even as appreciation appears to be decelerating from the prior year.
The commission recessed its equalization business for today and scheduled the formal vote on the equalization report, including signature of resolutions, for the full board and its ways-and-means committee at the May 1 meeting. Van Damurgo said finalized reports were not yet ready for signature but would be completed in the next few business days.
Commissioners asked follow-up questions during the presentation. A vice chair asked how the current increase compared with last year; Van Damurgo said last year's overall increase was roughly 9.75% and described the current year as "still going up, but not quite as quickly." Another commissioner asked about industrial property, and Van Damurgo said the industrial class was essentially flat, with many local units reporting small fractional increases.
Next steps: the commission will receive the finalized equalization report and vote on it on May 1 at the full board meeting and at the ways-and-means committee beforehand.
Ending: Van Damurgo said he will provide more detailed breakdowns by local unit and property class when the published equalization report is released to the commission and the public in the days ahead.
