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Houghton County adopts 2023–24 equalization report showing about 15.7% increase in equalized value
Summary
The Board adopted the county’s Equalization Department report showing the county equalized value for 2023 at $1,823,610,232, a roughly $247.7 million (15.72%) increase in assessed and equalized values between 2023 and 2024; taxable value rose about $102.45 million (8.92%).
Equalization Director Jaikob Djerf presented the county’s equalization evaluation at the April 11 meeting and the board adopted the report by unanimous vote.
Key figures Djerf presented: the county equalized value for 2023 is $1,823,610,232. Between 2023 and 2024 the county’s total assessed and equalized values increased by $247,694,200 — about a 15.72% increase — while personal property rose by $6,563,339 (about 8.69%). The county’s taxable value for 2023 was listed as $1,251,088,366; total taxable values increased by $102,448,035 (about 8.92%).
Djerf listed the top five units by assessed & equalized value: Houghton City ($245,341,842), Portage Township ($216,017,893), Hancock City ($206,990,159), Calumet Township ($201,914,604) and Torch Lake Township ($194,722,768). For taxable value the top five were Houghton City ($184,361,757), Hancock City ($149,158,942), Portage Township ($144,202,777), Calumet Township ($129,820,220) and Torch Lake Township ($129,068,270).
The board voted to adopt the Equalization report; minutes record the motion carried with Commissioners Janssen, Keranen and Britz voting yes.
Why it matters: increases in assessed, equalized and taxable values affect property-tax rolls and revenue forecasts for local units of government and taxing jurisdictions.
