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City assessor reports 2023 market-update revaluation: $4.186 billion total assessment
Summary
City assessor Jeff Yoder told the Board of Review the 2023 market-update revaluation sets the city's total assessed value at $4,186,285,400, following an open-book period with roughly 308 contacts; staff outlined notice volumes and timelines.
Jeff Yoder, the city assessor, presented the results of West Bend's 2023 market-update revaluation, saying the department based assessments on values as of Jan. 1, 2023 and performed market studies across property classes.
"To clarify, 2023 was a market update revaluation for all the properties in the city of West Bend," Yoder said, and later summarized: "The total of all classes of properties for the city assessment is 4,186,285,400 and that's my summary for this year." He told the board the department conducted open-book sessions Aug. 23'Sept. 13, recording roughly 308 open-book contacts (about 202 residential and about 106 commercial) and that notice mailings included 1,089 personal-property notices and 11,370 real-estate notices.
Yoder explained the difference between a maintenance year, when staff update individual property records for changes (new construction, splits, demolition, remodeling), and a revaluation, when the department applies market updates and re-analyzes cost and land studies across the jurisdiction.
Board members were given the assessment roll and advised that staff would be available during the first hours to answer questions; the roll includes open-book changes and will be used to schedule valuation hearings where necessary.
