City of Altoona is going through a market revaluation FY2022
Tuesday, March 8, 2022
Accurate Assessor | City of Altoona's Assessor
Accurate Assessor's website: http://accurateassessor.com/
Altoona, WI - The City of Altoona will be going through a market revaluation. All assessed property values will be reviewed and revalued in 2022. The last city-wide revaluation took place in 2019. Since then, market values have changed and assessed values have not.
The state of Wisconsin requires assessed values to be within 10% of market value. Currently, Altoona values are well below 10% of market value and are no longer in compliance. Therefore, a revaluation of all property is required. The revaluation will bring all assessed values to their fair and equitable market value.
This is a market revaluation so there will only be inspections performed on properties that request an inspection or that have recently made changes to their property.
Assessors will be reviewing market sales through January 1, 2022. Sales after the new year will not be used to determine your new 2022 value. The property tax bill you will receive in December of 2022 will be based on the new assessment value of your property.
Assessors don't set tax rates. An increase in assessed values does not allow the city, county, school district or technical college to collect additional taxes. A re-assessment of property ensures each property owner is paying their fair share of taxes.
You will have the opportunity to talk with an assessor about your new value once notices are mailed later this year. Here is an example timeline for what to expect:
- Jan - March: New construction review, permit review, requested inspections completed
- April - June: Market sales review, personal property collected
- June - August: Statistics review, assessed values determined, initial Roll Book completed
- September - October: Notices mailed, Board of Review
To learn more about what assessors do, please watch this video: https://youtu.be/htGANg3eNqs
Assessment review is a conference, either face-to-face or over the phone, with an assessor to discuss the value of your property. You have until 48 hours before Board of Review to contact the assessor about your new value. You can set an appointment to talk with an assessor at your convenience.
Board of Review
Board of Review functions like a court and is required to evaluate evidence based on facts. You or your representative must provide factual evidence that your property is inequitably assessed. The burden of proof is solely on the taxpayer. The assessor's value is presumed correct by State Law until proven otherwise.
If you have questions about the 2022 revaluation, please contact the assessor's office: