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What is State Equalized Value (SEV)?

April 26, 2017equalized SEV State value

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What is State Equalized Value (SEV)?

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The State Equalized Value is the result of the county equalized value being subject to review by the Michigan State Tax Commission. The Tax Commission may add to, subtract from, or approve the county equalized value as submitted. Upon their action, it becomes the State Equalized Value.