MARQUETTE — On April 9, after the Marquette County Equalization presented its recommended property valuations, the Marquette County Board of Commissioners voted to approve the 2024 equalizations values.

The Marquette County Equalization Department presented its recommended valuations to the board. The taxable value increased by 7.5% and the assessed value increased by 9.8%.

Property owners should only see a 5% increase across the state of Michigan, according to the Marquette County Equalization Department.

“The value can be lower if the inflation is lower than 5%. Last year, the inflation rate was 7.9% but since it’s capped at 5%, taxpayers only saw a 5% increase. The rate of inflation this year is only 5.1%, so we’re getting closer to that threshold,” county officials said.

The change of assessment went into effect in February.