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Council asks staff to draft regular property revaluation policy, sends proposal to Long Range Finance

2767942 · March 25, 2025
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Summary

Councilmember Flom asked staff to develop a regular schedule for property revaluations; the council polled unanimously to send a draft policy to the Long Range Finance committee for review, with discussion centering on a 3–5 year interval and alignment with state Department of Revenue timing.

Oshkosh — The Oshkosh Common Council on March 25 directed city staff to develop a policy for regularly scheduled property revaluations and to forward a draft to the Long Range Finance Committee for review.

Councilmember Flom introduced the discussion and said he favors a revaluation interval in the "neighborhood of 3 to 5 years" while giving staff limited flexibility to revalue sooner if market conditions warrant. Councilmembers emphasized predictability for taxpayers and smoothing budget impacts that can result from infrequent revaluations.

Several councilmembers said three years would create a routine that residents and homeowner associations could anticipate; Councilmember Nichols described his experience in other cities where a frequent schedule meant homeowners understood the process and who to contact if they wanted to appeal values. Councilmember Stevenson said he supported moving forward. Staff member Kelly (assessor/staff) told the council that assessment notice timing will shift this cycle to early fall to align with the state Department of Revenue's preliminary equalized values released in August.

Mayor and councilmembers agreed to send staff's policy draft to the Long Range Finance Committee for review and asked staff to return to the full council with a recommendation in time to inform summer budget discussions. An informal poll of councilmembers recorded affirmative responses from Councilmember Flom, the Deputy Mayor, Councilmember Stevenson, Councilmember Nichols and Councilmember Larson; council leadership confirmed the directive would proceed to Long Range Finance.