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Fond du Lac officials warn residents of large assessment changes as city begins revaluation
Summary
City staff told the council the citywide revaluation will reset assessed values after the market outpaced assessments; letters to about 16,000 property owners will be mailed April 23 and staff forecast an average assessment increase near 60%, but said levy and tax-rate mechanics mean individual bills may not rise by the same amount.
City Manager Mr. Moore and municipal staff told the Fond du Lac City Council on March 26 that a citywide property revaluation is under way and that assessment notices will be mailed April 23 to roughly 16,000 property owners. "I want you to imagine about a month from now, someone who gets a letter from the city in the mail," Moore said as he introduced the topic.
The revaluation is intended to bring the city's assessed values closer to the Wisconsin Department of Revenue's equalized values after assessments lagged market increases since the city's last revaluation in 2019. Moore said the city's current assessment ratio — the assessed value divided by the DOR's equalized value — is roughly 0.6–0.7, and staff are forecasting an average assessment increase near 60% when notices go out.
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