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Wauwatosa mayor defends citywide property revaluation, says alderman spread 'misinformation'
Summary
The mayor told the common council that a citywide revaluation required by state law explains assessment increases and accused a fellow alder of sharing misleading analysis that omitted manufacturing property values.
The mayor of Wauwatosa opened the meeting with a prepared statement explaining this week’s property revaluation, saying the update was done to comply with state law and to make taxation fairer across current market values.
The mayor said many homeowners saw large assessment increases but that an increase in assessed value alone does not determine a homeowner’s final tax bill. “If, for example, assessments on every home went up by the same percentage, City taxes on each home would stay the same,” the mayor said, and urged residents to contact the assessor’s office for specifics.
The mayor…
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