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Citywide Residential Revaluation to be completed in August (posted July 12, 2010)
2010 CITY WIDE REVALUATION
The City Assessor's Office is reviewing all residential property assessments in the city for 2010. The last residential revaluation was in 2006. All property in the city is revaluated every 4 years to keep assessments at 100% of market value and to maintain equity. Although our Residential level of assessment is very close to market value at 101% this revaluation is important to re-establish equitable values between different categories of homes. The assessments on all 22,500 homes of three units or less are being reviewed for the 2010 tax year.
The change in economic conditions since 2006 has affected the categories differently. Some assessed values will decrease, many will stay the same, and some will increase. Assessments may increase if improvements have been made or if the home is underassessed relative to comparable sales. If your assessment is changed, you will receive a notice that will be mailed on August 20th.
A change in an assessed value does not automatically mean a change in property taxes. Tax rates also affect each tax bill, but they will not be known until November. Helpful publications are available in our office or by clicking on these links The Guide for Property Owners and The Property Assessment Appeal Guide. The new assessments will be posted on my.appleton.org on August 21st. Open Book will be held August 23rd - September 3rd.
The Board of Review will be held on September 21st. If you have questions regarding your assessed value, we encourage you to call the Assessor's office at 920-832-5850.
Property Assessments in a Declining Market - Wisconsin Department of Revenue
Property Assessment Frequently Asked Questions
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