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Ard . . . Note: The Board of Review can hear only sworn oral testimony regarding the value of the property. It cannot hear protests regarding the amount of property taxes or questions of exemption. The best evidence of the value of your property is a recent arm s-length sale of your property. The next best evidence is recent arm s length sales of comparable property. If there are no sales of your property or comparable property, you should present other evidence that indicates the value o.
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Acreage FAQ
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Property assessments represent the values of the property as of January 1 of a given year. A reevaluation could be annually or every few years. When assessments are determined for the year (typically March or later), property owners are sent a Notice of Assessment from the local assessor.
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To file an appeal on your property assessment, you must provide the Board of Review (BOR) clerk written or oral notice of your intent, under state law (sec. 70.47(7)(a), Wis. Stats.). You must also complete this entire form and submit it to your municipal clerk.
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Common Exemptions Household furniture, apparel and motor vehicles. Manufacturing machinery specific processing equipment approved by the Department of Revenue. Livestock, inventories, and merchant's stocks. Computers and electronic peripheral equipment.
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Residential property taxes here are high compared to other states due to Wisconsin's greater reliance on local governments to provide services, few local revenue options other than the property tax, and preferential treatment of residential property in other states. December is a month of holidays and gifts.
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Assessed value is the dollar value placed on a parcel of property by the Assessor's Office. It is computed by analyzing thousands of individual sale transactions, thousands of inspections and a thorough study of all Milwaukee neighborhoods. It is the Assessor's estimate of market value.
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The average Wisconsin home value is $250,226, up 6.8% over the past year and goes to pending in around 32 days.
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Estimated fair market value is calculated by dividing the property's total assessed valued by the average assessment ratio. This ratio is applied to all property, including personal property, regardless of type or location of the property.
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Keywords relevant to WI PA-115A
- assessments
- applicable
- undeveloped
- objecting
- remodeled
- exemption
- acreage
- assessed
- appraised
- comparable
- Statutes
- classification
- appraisal
- acquiring
- statutory
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2022 WI PA-115A
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2016 WI PA-115A
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2009 WI PA-115A