Guide to the Property Assessment Process for Wisconsin Municipal Revenue Wi Form

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it's a quiet morning in Madison all the squirrels are holed up in their trees Sammy checks his mail a letter from the city my annual assessment Sammy is surprised that his property value has increased what in this economy Olivia owl wakes up what's the matter Sammy how come it didn't go down when the economy went down my neighbor thought there'd be a property tax freeze unfortunately Sammy a true property tax freeze would require a state constitutional amendment and that takes years your assessment is always based on market data as of January 1st each year for example do you remember when Sally squirrels house was struck by lightning there was a fire in her tree was damaged in February Sally's tax assessment for that year still reflected the market data and her home's condition as of January 1st but before the fire the following year's assessment reflected the value of her damage tree the repaired tree wouldn't be assessed until the year after and this Sammy is how tax assessment works