The Village of Waukesha Board of Review convened on September 11, 2025, to discuss property assessments and address concerns raised by local residents regarding discrepancies in property values. A significant portion of the meeting focused on the assessment of a specific property in relation to comparable sales in the area.

During the discussions, a resident highlighted concerns about the assessed value of their property compared to a comparable property, referred to as "comparable number 4." The resident noted that while their property was assessed at $8.64 per square foot, comparable number 4 had an adjusted sales price of $734,000, despite being sold for $865,000. The adjustments made to the sales price were explained as necessary to account for differences in property condition, size, and other attributes.

The Board clarified that the adjusted sales price reflects a downward adjustment due to the superior condition and features of comparable number 4. This led to a discussion about the fairness of the assessment process, with the resident expressing frustration over perceived discrepancies in property values, particularly given the size differences between the properties.

The meeting underscored the importance of transparency in property assessments and the need for residents to understand how comparable sales impact their property values. The Board of Review is expected to continue addressing these concerns as they work to ensure fair assessments for all properties in the Village of Waukesha.