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Village assessor presents market-update revaluation showing average 41% residential increase; board receives assessment roll
Summary
The Village of Waukesha Board of Review on Sept. 17 received the assessor's market-update bringing the village to an estimated 100% level of assessment, after a two-year sales analysis that produced an average residential assessed increase of roughly 41%.
The Village of Waukesha's Board of Review received the municipal assessment report Sept. 17 after an assessor's market-update that used 2023 and 2024 sales to bring the village's assessments into compliance with state law. Sam Monroe, the village assessor, told the board the village's estimated level of assessment is 100% of market and that the update was required because the jurisdiction's level had fallen into the 60s and 70s in a recent ratio study. "The statistics I was reciting was the ratio study, and that was showing the, for the classes, the the level of assessment for the jurisdiction had fallen down to about 70% and was going to enter the sixties if there was not a market update," Monroe said. Monroe said staff analyzed valid sales,…
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