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City assessor outlines 2025 revaluation process, explains how assessments affect tax bills
Summary
City Assessor Sarah Tyrell presented the upcoming citywide revaluation schedule, statutory requirements and public outreach plans; notices will mail in July and an open-book period will follow before the board of review.
Wauwatosa City Assessor Sarah Tyrell told the Common Council the city will conduct a citywide property revaluation to align assessed values with current market conditions after the Department of Revenue flagged Wauwatosa assessments as out of compliance.
Tyrell described the revaluation process and timeline: the official valuation date is January 1; staff reviewed three years of arm's-length sales along with rents, capitalization rates and construction costs; the assessor's office will mail an informational postcard the week of July 7 and notices of assessment on July 18; the open-book period will run from July 18 to August 15 with extended office hours and a new online inquiry system to manage questions. After open book, the Board…
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