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Assessment and Revaluation FAQs
Assessment FAQs
Wisconsin Law requires that property assessments be based on fair market value. Estimating the market value of your property is a matter of determining the price a typical buyer would pay for it in its present condition.
The Assessor maintains a massive database containing detailed information regarding each structure and parcel. It tracks the number of rooms, square footages, and many other pieces of information commonly available from building permits and from a street-side view. The Assessor also maintains a record of all property sales in the City. By using a detailed statistical computer model, the Assessor can identify properties similar to yours that have sold and use that sales data to estimate the fair market value of your property.
You should ask questions that will help you understand the assessment process and how your assessment was determined. An informal discussion with the Assessor can often resolve a problem prior to a formal hearing before the Board of Review. Ask the Assessor to show you the records for your property and to explain how your assessment was determined. Ask any questions that will help you understand the assessment process.
During the meeting that lasts 15-30 minutes, you will meet with assessment staff to review data about your property. This review will include things like the size, age, condition, number of bathrooms, and other physical characteristics of your property. This is also an opportunity to present factual data regarding different opinions about the value of your property.
The assessment staff you meet with will be gathering data during this meeting, not reviewing the value of your property. The review will be completed by assessment staff after the Open Book meetings have completed. Once the Open Book period is closed, you will be notified by mail of the results of the property review.
Once you receive the results, if you still believe the value is not an accurate estimate of your property value, you may proceed to the Board of Review. You can learn more about this by visiting the Board of Review page.
Generally speaking, improvements that increase the market value of a property will increase the assessed value. The following are typical items that will increase the assessed value of your property:
- Added rooms or garages
- Updating old windows and siding
- Modernization of kitchens or baths
- Central air conditioning
- Adding Fireplaces, Decks, Porches, Sheds, etc.
- Remodeling or updating, etc.
Good maintenance will help retain the market value of your property. Generally, your assessment will not be increased for individual minor repairs such as those that follow; however, a combination of several of these items could result in an increased assessment:
- Repairing concrete walks and driveways
- Replacing gutters and downspouts
- Replacing hot water heater
- Repairing or replacing roof
- Repairing porches and steps
- Repairing original siding
- Patching or repairing interior walls and ceilings
- Exterior painting
- Replacing electrical fixtures
- Replacing furnace
- Exterior awnings and shutters
- Weather stripping, screens, storm windows, doors
- Exterior landscaping including lawns, shrubbery, trees, flowers
