dollar amount assigned to taxable real (by parcel) and personal (by
owner) property by the assessor for the purpose of taxation. This
amount may be above or below the current market value of the property.
Wisconsin law provides that all non-agricultural assessments must be
based on the market value of property as of January 1st each
Taxable property associated with businesses only.
The official listing
of all properties within a given municipality
(Town, Village, City) by ownership, description, and location
showing the corresponding assessed values for each.
sale between two parties, neither of whom is related to or
under abnormal pressure from the other.
amount of cash (or in terms equivalent to cash) for which
property would be sold by a willing seller to a willing buyer under
normal market conditions.
the existing roll because of substantial inequities. All
of the district is reviewed, valued and placed in the new assessment
roll, which is then substituted for the original roll.
new values on all taxable property for the purpose of a
The previous year's assessment roll is not affected.
term is often used in conjunction with Section 70.055 of the
Statutes where expert help can be hired to work with the
assessor in revaluing the district.
hiring of expert help by a municipality to aid the assessor in making
new, equitable assessments. The previous years assessment
roll is not affected. Under Section 70.055 of the statutes,
the governing body of a municipality determines that it is
in the public interest to employ expert help to aid in making a new
assessment. The local assessor is not relieved of any responsibility
of the office under this type of revaluation. The expert
help and the assessor act together as an assessment board in
exercising the powers and duties of the assessor during the expert's
the Board of Review consists of municipal officials.
Board of Review has the duty of correcting any errors in assessments
that have been made, inadvertently or otherwise. It is
their duty to carefully examine the roll and correct all apparent
errors in descriptions or computations, and to add any property
to the roll that the assessor may have omitted.
Contact: firstname.lastname@example.org | JoeMcCoe 2013