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Assessor Dan McHugh says North Bay sales exceed assessed values by up to 40%, assessment roll adjusted
Summary
At the May 11, 2026 Board of Review meeting, Village Assessor Dan McHugh reported that recent property sales in North Bay have exceeded assessed values by as much as 40%, and said the assessment roll has been adjusted to reflect sales-to-assessment ratios and recent renovations.
At the Village of North Bay Board of Review meeting on May 11, 2026, Village Assessor Dan McHugh reported that recent property sales in North Bay have exceeded assessed values by as much as 40%, and that the current assessment roll includes adjustments reflecting those sales-to-assessment ratios and recent property updates or renovations.
McHugh said the real estate market has stabilized overall but noted the specific sales-to-assessment gaps in North Bay as a reason for the roll adjustments. He told the board that the assessment allocation was updated to incorporate recent sales data and documented renovations.
Clerk Dori A. Panthofer confirmed meeting procedures and the schedule for the Board of Review; no appeals or valuation hearings were recorded in the minutes for this session. The board recessed the review until 5:00 PM on Monday, June 15, 2026, a date set to allow the required two-hour review session under state law.
The update may affect future notices of assessed value to property owners and could lead to appeals during the board's continued session. The minutes indicate that evidence of required training for Board of Review members has been filed with the Wisconsin Department of Revenue and that the legal notice for the 2026 Board of Review was published in the Racine Journal Times on April 10, 2026 and is scheduled to run again on May 14, 2026.
