The purpose of the revaluation is to ensure that all property is assessed on a fair and equitable basis. Our goal is to bring your assessment to 100% fair market value.
Wisconsin laws require periodic revaluations to keep assessment levels at or very near actual market values. Since the last revaluation in the City of Waupun assessment equity and uniformity have gradually eroded until they were out of compliance with the law’s requirements. Since the last revaluation, values have been affected by changes in: supply and demand, interest rates, style preferences, component preferences, and many other economic and social factors. These changes resulted in assessments that no longer represented actual market values. This revaluation has reestablished equitable and uniform values for all properties in the City as of January 1, 2018.
The primary concern of most owners is how the new valuations will be used to divide and distribute the next tax levy. The specific effect on taxes cannot be accurately determined at this time. The total tax levy cannot be calculated until all the taxing authorities (School District, Vocational Tech, County, State, and City) have finalized and adopted their budgets. Because many of those budgets are not finalized until late November, the new (mill) rate cannot be determined until that time. Please do not attempt to estimate your taxes by applying last year’s tax rate to your new value. Last year’s tax rate is no longer applicable.
Open Book Conferences
Residents can still call Associated Appraisal if they could not attend the open book period on September 6th. Assessors will still take calls and consider assessments. Please call Associated Appraisal at 920-749-1995 to schedule an appointment.
The new value of your property is based on an analysis of what properties like yours are selling for in your neighborhood. Remember, the best evidence of value is a conventional arms-length sale of your property. The next best evidence is the conventional sale of a comparable property. If there is no recent sale of your property or a comparable property, then you should present evidence that indicates the value of your property. This could include, but is not limited to the cost, income, recent appraisal, amount of insurance, and sales of adjacent or nearby similar property. In order for your assessment to be changed, you must show that your property would not sell near the assessed value or that a mistake was made in the valuation of your property. A mistake would be something like showing a fireplace when you don’t have one or indicating a second bathroom when only one exists
Finding Information on Other Properties
Looking for information regarding other properties and their tax information? Review this guide to locate this information.
This PDF will help you navigate county tax databases to help you retrieve information regarding comparable properties.
Board of Review
If after your open book meeting, you wish to formally object to your new assessment, you need to obtain an objection form from the City Clerk’s Office or online from Wisconsin Department of Revenue at http://www.revenue.wi.gov/forms/govtvc/pa-115a.pdf. This form completed in its entirety should be returned to the City Clerk’s Office at least 48 hours prior to the first meeting of the 2018 Board of Review. There is a material available online at the Wisconsin Department of Revenue to help you prepare you for your appearance before the Board or Review at http://www.dor.state.wi.us/pubs/slf/pb055.pdf.
Board of Review date and times are as follows:
Wednesday, October 3rd By appointment only
In closing, Associated Appraisal Consultants has worked long and hard to place fair and equitable assessments on all property in the city. We hope the information and explanations we have provided in this letter help you in analyzing your new assessment.
There are additional online resources available on the Wisconsin Department of Revenue website at http://www.dor.state.wi.us/html/govpub.html#property.