Pleasant Prairie Board of Review waives multiple property appeals, approves Walgreens stipulation

The Village of Pleasant Prairie Board of Review on Sept. 10 approved a series of waivers that will send multiple property tax appeals to Racine County Circuit Court and accepted a stipulation that reduces the assessed value of a Walgreens-tenant property.

At the meeting, the board voted to waive hearings on several parcels — including a village-owned parcel at 7153 99th Street and properties owned by Exeter LLC affiliates — so those appeals may proceed to circuit court. The clerk and assessor’s office confirmed the municipality or property owners requested the waivers and that financing appraisals had been subpoenaed and provided in several cases.

The board also approved a stipulation for Exchange Right Income Fund Properties LLC, a parcel with Walgreens as tenant. The assessor read the original assessed value as $5,219,700 and the stipulated value as $3,996,900; counsel for the tenant informed the board that Walgreens withdrew a prior waiver request and agreed not to appeal the revised value to circuit court. The board adopted the stipulation by voice vote.

Several Exeter LLC properties were handled individually. Counsel and assessor representatives said financing appraisals were provided under subpoena for those properties; the board granted waivers or approved stipulations as presented. For each Exeter parcel the board either signed a stipulation or waived the hearing, often noting the properties are held in distinct LLCs and thus considered separately.

The motions were taken by voice vote; the board chair announced each motion carried. The board recorded no roll-call tallies in the transcript for these votes beyond the recorded “aye” responses.

The meeting concluded after the board completed the listed waivers and stipulations and the chair moved to adjourn following routine clerical signatures.