Monday, March 23, 2020

Property Assessment Information for 2020

Despite the COVID-19 pandemic, municipalities in Wisconsin are still required to perform statutorily required functions.  One of those mandated requirements is to send notice of changes in property assessments.  The Town's assessor performs this action in March of each calendar year to ensure the assessment rolls are ready for approval by the statutory deadline.

To maintain fair and equitable assessments, the Town of Greenville implemented a Full-Value Assessment process, meaning all assessments will be brought to market value each year. This ensures all property owners are paying their appropriate share of property taxes.

As of January 1, 2020, the Assessor's total assessed value increased by 6.95% from the prior year.

How does the Full-Value Assessment Impact Property Taxes?
  • An increase in assessed value does NOT mean your taxes will increase.  Example:  A 6% increase in value in 2020 does not increase your taxes by 6%.  Rather, if the total tax levy remains equal, your taxes will decrease since your portion is less than the average increase in aggregate assessed value.
  • The Town's tax rate will decrease to reflect the increase in total assessed value.
  • The Town does NOT receive more tax dollars from using full-market assessments.  Full-market adjustments are used to ensure fairness and equity in the apportionment of taxes.
Why does the Town use an annual Full-Value Assessment process?
  • A full-value adjustment in assessments creates uniformity in the values of all real property in the Town.
  • State law requires assessed value to reflect the fair market value of real property.
  • Annually adjusting assessed values based on the market ensures there won't be wild swings up or down in assessed values every few years.
If You Have Questions Regarding Your Property Assessment

Accurate Appraisal, LLC, the town’s assessment contractor, will conduct Open Book sessions to assist the taxpayers in understanding their assessments.  Open Book appointments can be scheduled for the following dates and times:
  • March 30, 2020 8:00 AM to 4:00 PM
  • March 31, 2020 8:00 AM to 4:00 PM
Online appointment scheduling is available.  If you wish to meet with one of the appraisers, please log on to www.accurateassessor.com and click the online APPOINTMENTS link on top of the screen, then choose your location (Greenville), choose your Open Book date and time, then enter your personal information.  If you do not have Internet access, please call Accurate Appraisal at 1-800-770-3927 to schedule an appointment.  If you cannot make the arranged appointment times and you wish to discuss your assessment with us, you can call our office or e-mail us at question@accurateassessor.com. 

For additional assessment information please visit our Website; www.accurateassessor.com.



Understanding Property Taxes and Assessments
The following documents provided by the Wisconsin Department of Revenue (WDOR) offers answers to many property owners questions regarding property taxes and assessments in Wisconsin.
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