Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Fond du Lac officials brief council on citywide property revaluation, letters to go out April 23
Summary
City staff told the Fond du Lac City Council that a revaluation will reset assessed values after assessments lagged market values; staff estimated an average increase and outlined outreach, appeals and next steps.
City Manager Joe Moore and administration staff told the Fond du Lac City Council on March 26 that the city is conducting a revaluation of property assessments after assessed values fell well below the state’s equalized value estimate.
Moore said the disparity has triggered a revaluation because the city’s assessment ratio is roughly 0.6 (assessed value divided by the Department of Revenue’s equalized value), well outside the Department of Revenue’s 0.9–1.1 guidance. He told council members the city will mail roughly 16,000 letters with new assessments on April 23 and plans a council presentation that same day to explain the results and expected public questions.
The revaluation will be based on parcel-level assessments done by the city assessor and contractor staff; the state’s Department of Revenue issues an equalized value estimate for municipal markets. Moore illustrated that assessed values are the denominator in the tax-rate formula and emphasized that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
