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City assessor: 2025 a maintenance year; assessment level projected to fall to 88%
Summary
The city assessor reported that 2025 is a maintenance year (not a revaluation), estimated the level of assessment will fall to about 88%, said $23 million in net new construction was added to the assessment roll, and noted changes to comply with Wisconsin Act 235. The Board moved to adjourn to June 18.
The City Assessor reported Wednesday that 2025 is a maintenance year for property assessments, not a revaluation year, and estimated the city's level of assessment will fall to about 88% for 2025. The assessor said inspections and valuations are complete for properties with building permits issued in 2024 and for projects that were incomplete from prior years.
The update, given at the Board of Review meeting held April 30, said assessment notices were mailed April 22 and that…
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