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Board of Review approves assessment reductions for Cast Iron apartment parcels after sale
Summary
West Bend City Board of Review accepted stipulations that reduced 2025 assessed values for several Cast Iron apartment parcels to match reported sale prices; buyer's agent agreed to withdraw objections.
The West Bend City Board of Review on July 16 approved stipulations to reduce the 2025 assessed values for multiple parcels in the Cast Iron apartment complex to the sale prices reported on the real estate transfer tax return.
The move stems from a sale earlier this year. Gary Kolenberg, the agent of record for the new owner, submitted documents to verify the transaction and agreed that, if the board reduced assessments to the sale prices summarized in the exhibit, he would withdraw objections filed for each parcel.
"The most recent was just moments…
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