Assessment meeting is Tuesday
PONTIAC – A public meeting on the proposed certified crop land assessed values for the 2022 assessment year is planned for Tuesday (June 15) starting at 9 a.m. in the Livingston County Historic Courthouse Assessment Office meeting room.
The purpose of the meeting is to inform the public of the changes which will occur in 2022 based on the recent change in the law on farmland assessments. The law changed for the 2015 assessment year, as amended by Public Act 98-109. This now limits the annual change in farmland assessments to 10 percent from the preceding year’s median soil productivity index certified assessed value with an additional $5 per acre reduction for the 2015 assessment year only.
The median productivity index for the state is 111. As a result, farmland assessed values on a per parcel basis can change by more than 10 percent, with soils having lower productivity indexes than the median increasing by less than 10 percent. The goal for the law change is to close the gap between the poorer soils and better soils.
For the 2022 assessment year, the Farmland Technical Advisory Committee has adjusted the certified values to limit the change to 10 percent from the preceding year’s median soil productivity index certified assessed value.
Tuesday’s meeting is open to the public on the first floor of the courthouse in Pontiac.