Frequently Asked Questions - Assessor
What does the term "Assessed Value" mean?
The Assessed Value is generally one half (1/2) of the market value of the property, as determined by a two year market study. The term "State equalized Value" (SEV) simply means the Assessed Value after it has bee finalized by the State of Michigan.
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113 E Elm St., Auburn MI 48611 989-662-6761