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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 the board will hold an open-book session on May 14. The assessor said preliminary net new construction added about $23,000,000 to the 2025 assessment roll.
"So much like last year, 2025 is just a maintenance year, not a revaluation year," the City Assessor said. The assessor also noted a recent state law change, saying, "[Wisconsin Act 235] gives the ability for judicial officers and their family members to request that their personal private information be redacted and kept out of public view." The assessor added that the city's Grama software has been updated to allow compliance with the law, which took effect April 1, 2025.
The assessor summarized prior benchmarks: after the 2023 revaluation the Department of Revenue determined the city was at a 99% level of assessment; that level dropped to 90.77% last year, and the assessor estimated an 88% level for 2025. The assessor said those figures and the net new-construction total may change slightly as valuations are finalized.
Board members did not ask follow-up questions during the presentation. John Graber was recorded as excused.
Later in the meeting the Board of Review voted on a motion to adjourn to Wednesday, June 18, 2025, from 5 to 7 p.m. The motion was made by Michael Braswell and seconded by Amanda O'Day; roll call recorded Braswell, Donald Reid and Jarrett McFarland voting in the affirmative. Amanda O'Day's vote was not captured in the available transcript audio.
