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Assessment notices reflecting new assessed values for real estate parcels in the City of Milwaukee will be mailed to homeowners in mid-April, 2008.
After the notices are mailed the open book period begins. The open book is the time for you to talk to an assessor about your assessment. It is possible until May 19, 2008 to file a formal objection to the Assessor's valuation of your property. Challenges can be successful when the objections are supported by data that is readily available through research. The objection process is as follows:
First, decide for yourself what your home is worth. You can do that by looking at recent home sales in your area, contacting appraisers or comparing assessments of homes similar to yours ("comparables") in your area. Sales and assessment information is available in the Assessor's Office, the Milwaukee Public Library or online at www.milwaukee.gov/assessor.
Next, make an appointment or call and talk with a city assessor. In this informal session, you can learn how your assessment was made, what factors were considered and what type of records are kept regarding your property.
If you still disagree with the assessment, the next step is to fully complete and file a written objection form before the third Monday in May (May 19th in 2008) deadline. This form is available at the Assessor's Office. To properly review the assessed value, the assessor may need to physically inspect both the inside and outside of your property. During the inspection, you can provide any information you feel will be helpful in the review. Then the assessor's recommendation will go to the Board of Assessors, a group of his/her supervisors. You will receive their decision in writing. If you still disagree, the next step is a hearing before the Board of Review, a panel of five to nine citizens appointed by the Mayor. If you don't agree with the Board of Review, you can appeal in Circuit Court. |