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County adopts equalization values after equalization study shows most classes below 50% of market
Summary
Marquette County staff presented ratio and factor results showing sampled class ratios below 50% (residential 44.27%, commercial 45.44%, ag 44.13%); the board adopted the L‑40/24 equalization form establishing the rates for the year.
Nicole Merlo, introduced at the meeting as 'Nicole Merlo' and identified as the Market capitalization director, presented the county's ratio and factor report, summarizing the equalization study used to compare assessed values to market values.
Merlo reported sampled ratios by class: agricultural 44.13%, commercial 45.44%, industrial 49.47%, residential 44.27% and timber/cutover 43.0. "As you can see, most of the classes are below 50," Merlo said, noting the county assesses at 50% of market and that after assessor equalization the county's assessed value rose about 8.69%.
The board moved to adopt the L‑40/24 equalization form as presented; Vice Chair Nordin made the motion, it received support, and the chair took a roll‑call vote. Commissioners voted to adopt the equalization rates; no equalization factors were required per staff.
Commissioners asked clarifying questions about parcel counts, vacation rentals in the residential sample and how vacancies affect the ratios. Staff advised municipalities to use the rate of inflation for suggested millage changes to avoid rollbacks when uncapping occurs.
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