Complying with Your Property Tax Assessor
In Wisconsin municipalities are required by law to keep assessed values within 10% of Fair Market Value. When assessments fall below, or are above by more than 10%, a revaluation must take place. Some municipalities conduct revaluations annually. Others conduct them when they are not in compliance with the law or every few years. When municipal revaluations occur, or when a commercial property is sold, assessors typically send property owners a request for information.
This request centers around the physical and economic characteristics of your property. The assessor typically wants to use the physical information to make sure their records are correct, and the economic information to help determine the value of your property.
If the request is made for a property that is sold, it is vitally important that the information be given to the assessor correctly. Assessors use your financial data to derive expense ratios and capitalization rates as well as other factors for assessment purposes. When the information is presented incorrectly, it can affect
commercial assessments for everyone.
We Analyze & Present Your Financial Data to the Assessor
Property Tax Services analyzes your financial data for you and presents it to the assessor in a way that conforms with acceptable appraisal practice, case-law, and the assessment manual.
We ensure your property will not be overvalued, and advise you on the correct steps to take for minimizing your tax liability.