Board sustains assessment for RCL Investments property at 309 Arlington
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Summary
After reviewing the owner’s income evidence, the Waukesha Board of Review voted to sustain the assessor’s valuation for the RCL Investments property at 309 Arlington Street.
The Waukesha Board of Review on July 11 reviewed an appeal from RCL Investments regarding the assessment for 309 Arlington Street. The board sustained the assessor’s valuation after weighing comparable sales presented by the assessor against the owner’s income analysis.
Agent Jake Line submitted 2022–2024 income and expense statements and argued for a lower valuation based on operating performance, citing increased insurance and maintenance costs. The assessor presented multiple comparable sales and noted sales‑based indicators that supported the roll valuation on a per‑unit basis.
The board concluded the assessor’s comparable sales evidence was the most credible record evidence and voted unanimously to sustain the assessor’s valuation; the clerk will mail the written determination and appeal options to the owner.
Outcome: assessor’s valuation sustained.
