A: Because the spending % increase keeps going up faster than the new construction % increase in value. (the tax bill will show where the spending is increasing) in general the School / County / Tech College make up 85% to 90% of the tax bill (this is where spending needs to stay in control to lower taxes. (the township in usually 10 to 14% of tax bill, they don't change spending much from year to year)
Q: Are Portable Storage Sheds taxable?
A: Yes, they are I don't put as much value on them because they're portable.
Q: Do I have to leave the assessor through the inside of my house? A: Yes, If you want the option to appeal your assessment at Board of Review.
No, But you give up your right to appeal the assessment at Board of Review, if the assessor sends you a certified letter. (The assessor should view the inside of house so he can place a fair an acurate value on all houses in the township. You wouldn't buy a house without seeing the inside of it?)
A: The assessor can review and change values if he feels your property is not fairly assessed in comparison to the current sales & other property in the township.
Q: What is Board of Review?
A: The Town Board can change your assessment, if you provide good evidence that you are being unfairly assessed in comparison to recent sales or other property in the township.
You need to provide good evidence, not just that my taxes are too high.
A: Yes it can, but it doesn't happen to often(only if spending goes down), Except after a Complete Revaluation of all land & buildings the mill rate will be lowered, but values will be higher also.
Q: We're doing a Complete Revaluation for the township will my taxes go up?
A: Taxes could go DOWN or UP or STAY THE SAME.
Your % change in value in comparison to the average % change for the township as a whole will determine this. The mill rate will be lower after a revaluation, but values will be higher (mill rate will be lower only if values changed for all buildings & land in the township) You pay a higher mill rate when you are below 100% full value. You pay a lower mill rate if you are above 100% full value. Mill rate is adjusted up or down each year to this % of full value and current budget changes.
Q: How is 100% Full Market Value(Equalized Value) of the Township Determined?
A: The Wisconsin Dept of Revenue asks the Assessor to provide all the current Assessed Values for every Usable Sale in the Township. The Dept of Revenue divides the Assessed Value by the Sale Value to come up with a % of full value the current assessment are at. This is done for every different class of land & buildings in the township. This percentage shows up on your tax bill every year to determine your estimated fair market value.
Q: Does Everyone pay the same mill rate(tax rate) on buildings or land in township? A: Yes and No
Yes, if they are in the same school district & township & county & tech school.
No, Different School Districts in your Township could have a higher or lower mill rate than you.
Example Below: Town of Arcadia mill rates for 2008 tax bill (only difference is school district)
Whitehall School District -------- $17.19 per thousand value
Blair / Taylor School District------ $17.62 per thousand value
Arcadia School District ------------ $19.60 per thousand value
Independence School District --- $22.08 per thousand value
Q: How are taxes calculated from the assessed value or estimated fair market value?
A: The taxes are the current assessed value multiplied by the current mill rate for your tax district. Then the lottery credit(for your main residence) is subtracted. Then 1st dollar credit is subtracted for each parcel with buildings on it.