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Council adopts five-year property revaluation policy to reduce surprise appraisals
Summary
The Common Council approved Resolution 25-303 directing property revaluations every five years, with staff authority to adjust scope based on market conditions and a general-fund funding source.
The Oshkosh Common Council on June 10 adopted Resolution 25-303, directing the city to conduct property revaluations every five years and allowing staff discretion to perform smaller-scope updates when warranted by market changes.
Council member Nichols, who led the item on behalf of the Long Range Finance Committee, said the city performed a revaluation in 2024 because of state requirements and will again revalue in 2025; the new policy aims to avoid large jumps in assessed values that arise from long gaps between revaluations. "Residents can expect we will be revaluing our properties every 5 years," Nichols said during discussion.
Council member Flom and other committee members described the policy as balanced and providing clarity on costs. The resolution specifies that the general fund will be the source of payment for revaluation work when money is available, which staff and council members said reduces the likelihood of politicizing the timing of revaluations.
The measure passed unanimously on a roll-call vote, 7–0. Staff will implement the policy through the assessor's office and return to council if significant changes to the scope or funding are needed.
Background: Council members noted the city’s last full revaluation was in 2017 and a recent revaluation produced sharp assessed-value increases compared with market values; the adopted policy is intended to provide a predictable schedule and clearer appeal procedures for property owners.
