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Higher values do not mean higher taxes

Assessment increases average 30 percent; jump fuels worries

Aug. 7, 2008

Many Brown Deer residents noted significant increases on assessment notices that were sent out in late July.

Property assessments in the village, last revalued in 2004, had decreased to 77.31 percent of market value. By state law, whenever the assessment ratio of a community dips below 90 percent for three years, the community must reassess its property.

Accurate Appraisal does the assessments for the village.

Lee DeGroot, an owner of the company, said village property increased an average of 30 percent. DeGroot said property owners focus on the increases, fearing a higher value means higher taxes, an assumption that is not necessarily true.

“If their increase was 25 percent and the average is 30 percent, their taxes may go down,” DeGroot said.

Village Manager Russell Van Gompel higher taxes are not a given with a higher assessment.

“I tell people to look at the levy, not only the village levy, but the other taxing bodies, when they are adopted,” he said.

If the levies are higher, then taxes increase.

If the levies stay the same, then property with greater than a 30 percent increase in assessed value would see an increase in taxes. Those with increases of less than 30 percent would see a reduction, he said.

The new values provide a snapshot of the village as of Jan. 1, 2008. Those values will be used to calculate the tax bills in December.

DeGroot said the average home in the village is valued at $172,400 as of Jan. 1, 2008. That number is a simple calculation, the assessed value of the village, $714,784,500 divided by the 4,146 single-family units.

Mary Buckley can be reached at (262) 446-6615.

At a glance

WHAT: revaluation information page, which includes answers to frequently asked questions

WHERE: browndeerwi.org

WHAT: assessment questions

WHO: Lee DeGroot, Accurate Appraisal

CALL: (800) 770-3927

WHAT: filing an assessment objection

WHEN: at least 48 hours prior to the Board of Review, 10 a.m. Thursday, Aug. 28

WHERE: forms available at Village Hall, 4800 W. Green Brook Drive

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