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City assessor outlines timeline for citywide revaluation, open-book period and board of review
Summary
City Assessor Sarah Tyrell presented the revaluation process required by state oversight, explained why Wauwatosa must revalue, and gave a timeline for notices, an open-book review and the board of review.
City Assessor Sarah Tyrell briefed the Common Council on the citywide property revaluation process the assessor's office is conducting to align assessed values with current market conditions and to comply with Department of Revenue oversight.
Tyrell said Wisconsin municipalities must periodically revalue properties under Chapter 70 of the Wisconsin Statutes and related Department of Revenue procedures. She told the council the Department of Revenue notified Wauwatosa in 2021 that the city’s assessments were out of alignment with market sales and that a revaluation must be done by 2026 or the state could assign a private firm and charge the city for the work.
Tyrell summarized that the assessor’s office reviewed three…
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