What is Equalized Assessed Value (EAV)?

Equalized Assessed Value (EAV) is based on the estimated fair market value of your property as determined by the St. Clair Country Assessor.  The market value or fair property market value is the estimated full value of the parcel should that parcel sell in a normal, arms-length transaction. The assessed value is one-third of the fair market value, as estimated by the County Assessor. The equalized assessed value is the assessed value, as determined by the Board of Review that has been adjusted as necessary by a township and/or state multiplier with a multiplier. The resulting State Equalized Value forms the basis for property tax bills and the value from which all applicable homeowner exemptions are deducted. 

​

You may be able to lower your EAV and lower your property taxes.  Lowering your EAV is accomplished through an appeals process.   Filing a tax appeal with St. Clair County Board of Review, when you disagree with the assessor's estimate of your parcel's fair market value, is one way you may be able to lower your property taxes.  Another is to apply for all exemptions for which you qualify.  Visit the St. Clair County Assessor's FAQ page for the most up-to-date listing of the available exemptions and who to contact to apply. 

Another way to lower your property taxes is by getting involved in the tax levy process in your local district.  Attend local school board and city council meetings and make your voice heard.  Join the "Our Tax Money" group on Facebook and monitor www.ourtaxmoneyofallon.com for ways you can make a difference.  

​

​