Gogebic County adopts 2026 equalized values, authorizes L-4024 submission

The Gogebic County Board of Commissioners on April 8 approved the county's 2026 equalized values and authorized signatures on the State of Michigan L-4024 forms needed for state reporting.

Equalization Director Tina Romosz told commissioners the county's 2026 equalized value is $1,198,040,821, an increase of $120,116,429 from 2025, and that the tentative taxable value is $786,067,140, a 5.59% rise from the prior year. "The equalized value for 2026 is $1,198,040,821," Romosz said while presenting the Equalization Report and the L-4024 paperwork for signatures.

The board approved, by separate voice motions, the six class equalized values presented (Agricultural, Commercial, Industrial, Residential, Timber Cut-Over and Personal Property). Commissioners Lorenson and Peterson moved and supported the adoption motions; other commissioners supported each motion and they carried by unanimous voice vote. The board then voted to authorize the appropriate signatures on the State of Michigan L-4024 forms so the county may submit the required documentation to the state.

Why this matters: the equalized value is the assessment figure used to distribute property-tax burden across taxing jurisdictions and to compute taxable values for the year ahead. The L-4024 form is the county's certification to the state of those class values and taxable-value totals; signing and submitting the form advances the statutorily required timeline for tax administration.

What happened next: with signatures authorized, county staff will submit the L-4024 to the Michigan Department of Treasury. The board did not change millage rates in this action; millage proposals are considered separately on the agenda and, in other items at the same meeting, the board moved to place several millage proposals on the August ballot. Local property owners will see taxable-value changes reflected on tax notices and in the county's revenue forecasting for 2026.