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Alder Lauren Cnare

Alder Lauren Cnare

Home Address:
5218 Kevins Way
Madison , WI 53714

Phone: 608-235-9179
district3@cityofmadison.com
Common Council Office:
210 Martin Luther King, Jr. Blvd
Room 417
Madison, WI 53703
Phone: (608) 266-4071
Fax: (608) 267-8669
WI Relay Service

What's It Worth Today? Assessments done for 2012.

April 20, 2012 9:55 PM

The 2012 assessment notices were mailed today, Friday, April 20. Only homeowners with changed assessments will get a card. 

I'll be getting the postcard tomorrow - noting that my home, despite the work on the kitchen this month - is now worth less than it was a year ago. But I am not alone - according to the city assessor's e-mail to alders today, 39,638 notices of decreases were sent. The other group of notices went to 3,010 homeowners to tell them their homes are worth more.

You can check you assessment on-line at CIty's Website www.cityofmadison.com/assessor/.

Citywide, assessments went down this year, part of the lingering hangover of a recession and the effect on the housing market. Some of us live in older neighborhoods where houses have sold for less money than in previous years due to newer and nearby competition, some of us have seen the foreclosed homes sitting empty and some of us have seen neighbors need to move, and anxiously sell quickly, settling for a lower price than they might've a couple years ago. All of this affects our home's value.

While it feels bad to live in a "less valuable" home or neighborhood, we are still in a very safe part of Madison, with good elementary schools, active parks and clean, well-kept environments. There is nothing in particular that has changed to single us out. Perhaps we are a better value than ever!

If you have concerns about your assessment, please take advantage of the "Open Book" inspection period will be held on business days between 8:00 a.m. and 4:30 p.m. from Monday, April 23 through Friday, May 11. The 2012 preliminary assessment roll and detailed assessment reports are available for inspection in the lobby of the City Assessor's office. Information is listed in address order and shows ownership, lot size, building data, assessed values and tax information.

The assessment roll may also be viewed on the website at www.cityofmadison.com/assessor.

If you disagree with your assessment, contact the Assessor's Office (266-4545) to discuss it with assessment staff. If still not satisfied with the assessed value, you may file a formal objection. The Assessor's Office must be notified, either orally or in writing, of intent to object at least 48 hours before the first meeting of the Board of Review. The Board's first scheduled meeting is Wednesday, May 16, 2012 at 1:30 PM. Owners must notify the Assessor's Office of their intent to object no later than 1:30 PM, Monday, May 14, 2012. In addition, an objection form obtained from the Assessor's Office must be completed and filed with the City Assessor's Office prior to or within the first two hours of the first meeting of the Board of Review.

The Board of Assessors will review all properly filed objections and make any necessary corrections or changes. Owners who disagree with the Board of Assessors' decision may proceed to a formal hearing before the Board of Review. Its function is to decide if the assessment is correct based upon oral testimony and evidence presented by the property owner and the Assessor's Office staff. The Board may decide to raise, lower or sustain the assessment. Board of Review decisions may be appealed to the Circuit Court.

Well, back to painting. I've got a very valuable home to maintain!





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