Within the coming months, all real and personal property within the City of Amery will be revalued with the assistance of Bowmar Appraisal, Inc. The City of Amery’s assessment ratio is not in compliance with State Statutes, requiring a revaluation to be performed. The law requires each municipality to be within 10% of the Market Value once every 5 years. The Town’s assessment ratio fell out of compliance in 2017.
The revaluation will be conducted in accordance with the standards development by the Wisconsin Department of Revenue (DOR). The revaluation program has but one aim: to equalize the tax base for all real and personal property based on fair market value as of January 1, 2022. The aim is not to raise your tax bill but rather to be sure each property owner pays his/her fair share using the facts obtained during the revaluation.
All property owners and tenants are urged to cooperate with the authorized field appraisers. The field work is a full exterior revaluation. This means the assessor will review recent sales, existing property records and view each exterior of the property to calculate the assessments. In most cases, an appraiser will not need to view the interior of your home. If they do need to view the interior, you will notified by mail with a request.
You, as a taxpayer, are entitled to know the facts about revaluation and how it is expected to affect you or your tenants. The following list of questions are the most common raised during a revaluation and they help to explain the process, its necessity, and the result of a community wide revaluation.
- What does revaluation really mean?
- Why is this revaluation necessary?
- Will this revaluation automatically increase my taxes?
- Do all assessments change at the same rate?
- If the new assessments are made at full value, won’t this raise taxes?
- What process is being used to arrive at a fair assessment?
- What information does the assessor use to determine assessments?
- Will my home or apartment be inspected?
- How will I know if an appraiser was at my house?
- Will the person that comes to my door be able to tell me what my assessment will be?