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Finance committee approves Oakland County 2025 equalization report showing 6.3% increase in equalized value
Summary
County equalization staff presented the 2025 equalization report showing a recommended equalized value increase of about 6.3% over 2024; the report passed the committee and commissioners asked for follow‑up explanations on community variances.
Terry Schultz, a chief in the Equalization Department, presented the 2025 equalization report and recommended board approval. Schultz said the department’s recommended 2025 equalized value is roughly $113,400,000,000, which he described as “just roughly over 6.3% increase from 2024.” He said taxable value for 2025 is roughly $84,600,000,000 and that residential property comprises roughly three‑quarters of the county’s assessed value.
Schultz walked the committee through where more detail appears in the report by community and classification, noting pages that show assessed and taxable values and personal property breakdown by community. Commissioners asked for follow‑up explanations for variations between communities: Commissioner Spitz asked why Auburn Hills showed a modest increase (0.89%) while Royal Oak Township rose about 15% (driven by utilities and DTE/Consumers Energy filings), and other commissioners asked for community‑level clarifications for large percentage changes in small townships.
Equalization staff agreed to provide further breakdowns by community and by personal property filings, and the committee voted to approve the report. The clerk recorded seven ayes and the motion carried.
