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Posted on: September 2, 2020

Information about your Assessment

Associated Appraisal included an explanation letter with your new assessment with information.

City of Verona Assessment Roll 2020

Why was my home’s value re-assessed? 

Wisconsin laws require periodic revaluations to keep assessment levels at or very near actual market values. Since the last revaluation in the City of Verona in 2013, the level and uniformity of assessments have gradually eroded until they were out of compliance with the law’s requirements.

Why did my home’s value change? 

 Since the last revaluation, values have been affected by changes in supply and demand, interest rates, style preferences, and many other economic and social factors. These changes resulted in assessments that no longer represented actual market value sales. This revaluation has reestablished equitable and uniform values for all properties in the City of Verona as of January 1, 2020.

 Does this mean my property taxes will go up? 

Following a revaluation, the property tax burden is redistributed based on all properties being assessed at current market values. This means you will not automatically pay more in property taxes purely due to a higher assessment. The differences in taxes paid by property owners is the result of assessments that changed more or less than the average increase City-wide. The average assessment increase in the City is 28%. If your assessment increase is similar to the “average”, you can expect to pay about the same amount towards property taxes as you did the previous year, provided the various taxing jurisdictions maintain their respective tax levies at existing amounts. In other words, if your assessment increase is average, then any increase in taxes paid will NOT be due to your assessment, but rather the City, School District, Technical College, or County increasing its tax levy (budget).

 Does the reevaluation mean the City will collect more taxes overall?

 No. The changes in assessed values will not have any effect on the total dollar amount of taxes collected by the City of Verona. The City-wide tax levy (total taxes collected) is capped by state law and cannot be increased simply due to a revaluation. The effect of the new property assessments will be to redistribute the tax levy in an equitable fashion according to the new estimated market value of each property in the City. The purpose for this is to ensure that all property owners in the City are paying their fair share towards the overall tax levy.

 What will my upcoming property tax bill be? 

The exact amount of your property tax bill will not be known until December and will be based upon the tax levy established by the various taxing jurisdictions (i.e. City, Verona School District, MATC, Dane County, State, etc.). Please do not attempt to estimate your taxes by applying last year’s tax rate to your new value. Last year’s tax rate is no longer applicable.

 What if I disagree with my property’s assessment? 

There are opportunities over the next couple of weeks to have your assessment reviewed if you disagree with the new value of your property. The first step is to review the 2020 Real Estate or Personal Property Assessment Roll(s) and participate in the Open Book process.

Open Book Process

 The Open Book is an opportunity for property owners to review and discuss their assessments with the assessor.  The assessor can make changes to assessments during the Open Book if warranted. When meeting with the assessor for Open Book, please remember that the new assessed value of your property is based on an analysis of what similar properties like yours are selling for in your neighborhood. The best evidence of value is a recent conventional arms-length sale of your property.

The next best evidence is the conventional sale of a comparable property. If there is no recent sale of your property or a comparable property, then you should consider any other evidence that indicates the value of your property. This could include, but is not limited to the cost, income, recent appraisal, amount of insurance, and sales of adjacent or nearby similar property.

In light of the risks associated with the coronavirus pandemic, and in response to statewide public safety measures to mitigate the spread of COVID-19, we request that you conduct an Open Book meeting by phone or email with the assessor, rather than conducting an Open Book meeting in person. Appointments are required; please call Associated Appraisal during regular business hours (Monday – Friday, 8:00 AM to 4:30 PM) at 920-749-1995 to schedule an appointment to discuss your new assessed value. We are available to speak with taxpayers by phone conferences on one of the following days: 

 Thursday, September 10th   from 11:00 am to 7:00 pm (by appointment only)

Friday, September 11th         from 9:00 am to 1:00 pm (by appointment only)

If the assessor is not available at the time of your call to make an appointment, we will make every effort to return your call within 24 hours. When leaving a message please provide your name, phone number, property address, and the Tax Key Number from your enclosed assessment notice or tax bill.

2020 Assessment Roll

Preliminary 2020 Real Estate and Personal Property Assessment Roll(s) are available at the following link: https://www.apraz.com/2020assessmentroll. Real Estate assessments will also be posted on Dane County’s Access Dane website at the following link: https://accessdane.countyofdane.com/.

Board of Review Process

 The Board of Review is a quasi-judicial (court-like) body whose members are the City’s elected officials. The Board of Review’s function is to hear any formal objections to assessments and decide the validity of the facts presented before it relative to the value of the property. You or your representative must provide testimony to the Board as to your objection to your assessment and prove that your property is inequitably assessed when compared to the general level of assessment within the City.

After your open book meeting, if you want to make a formal objection to your new assessment, you must obtain an objection form from the Clerk’s Office or online from Wisconsin Department of Revenue at https://www.revenue.wi.gov/dorforms/pa-115af.pdf. Complete this form in its entirety and return it to the Clerk’s Office at least 48-hours prior to the first meeting of the 2020 Board of Review. There is material available online at the Wisconsin Department of Revenue to help you prepare you for your appearance before the Board of Review at https://www.revenue.wi.gov/DOR%20Publications/pb055.pdf

The Board of Review meeting date is as follows:

Tuesday, September 29th     (Virtual meeting by appointment only, scheduled 48 hours in  advance) 

For more information, review the Wisconsin Department of Revenue’s 2020 Guide for Property

Owners: https://www.revenue.wi.gov/DOR%20Publications/pb060.pdf.


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