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Pewaukee Board of Review accepts three stipulations that reduce commercial assessments by about $6.49 million
Summary
The board accepted three stipulations for commercial Riverwood Drive properties that cut 2025 assessments after the owner provided late financial information; the combined reduction in assessed value totals $6,492,900.
The City of Pewaukee Board of Review on July 23 accepted three signed stipulations that reduce the 2025 assessed values of commercial properties on Riverwood Drive after property owners provided financial records requested by the assessor.
The assessor read the three stipulations into the record: tax key PWC0949998016 (North 19 West 24133 Riverwood Drive) was amended from $11,820,900 to $9,445,600, a change of $2,375,300; tax key PWC0949998010 (North 19 West 24075 Riverwood Drive) was amended from $5,870,000 to $3,865,700, a change of $2,004,300; and tax key PWC09499980 (North 17 West 24222 Riverwood Drive) was amended from $11,628,100 to $9,514,800, a change of $2,113,300. The assessor explained the reductions followed receipt and review of financial information the office had requested in December.
A board member moved to accept the stipulations and a second was recorded. The board approved the stipulations by voice vote; members said the changes were supported by the documentation provided. The combined total assessment change across the three stipulations is $6,492,900.
The stipulations affect the assessor's roll for 2025; the board did not describe additional financial impacts (tax-rate effects depend on later budget and levy decisions).
