Frequently Asked Questions
What is a revaluation?
A revaluation is an update of all assessed value in a municipality conducted by Fair Market Assessments. The assessor is a State certified individual whose duties are to discover, list and value all taxable real property in the municipality, in a uniform and equitable manner. The assessor is not involved in the collection of property taxes.
Why is the revaluation necessary?
This ensures all property owners are paying their appropriate share of property taxes. The last time assessments were brought to market value was five years ago in 2020 when a full revaluation was completed.
Will my property values change?
Most likely – yes. Some neighborhoods and property types may have increased in value more than others. One purpose of a revaluation is to make sure that the assessed values reflect the changes that have occurred in property values.
Will the assessor need to view the inside of my property?
The assessor will attempt to view all properties that changed from the previous year, this includes, new construction, property splits, and properties that were issued a building permit recently.
How can my assessment change when I haven't done anything to my property?
As property values change in the marketplace, those changes must be reflected on the assessment roll. Economic conditions such as recent home sales in your neighborhood, sales of reasonable comparable buildings, and inflation will influence the value of your real estate.
Will I be notified if there is a change in my assessment?
The State of Wisconsin State Statutes require that all property owners be notified if there is a change in the assessed value of their property.
What if I don't agree with my assessment?
Once you receive your assessed value change notice, you can contact the assessor to schedule a meeting during the Open Book session, TENTATIVELY set for September 17, 2025. Please note that this date may change if the revaluation process is not yet complete.
During this informal Open Book session, the assessor will:
- Explain how your assessed value was determined.
- Review the property record for your property.
- Discuss the factors that were considered in determining your property's value.
- Compare your property to similar house values in the area.
What if, after this informal meeting, I still disagree with the assessment?
If you disagree with your newly assessed property value, you can file an objection and present your case to the Board of Review. The Board of Review meeting is TENTATIVELY scheduled for September 24, 2025. Please note that this date may change depending on the completion of the revaluation process.
To file an objection:
- AT LEAST 48 HOURS before the scheduled Board of Review meeting, you must provide written or oral notice of an intent to appeal to the Village Clerk.
- Michelle Seidl
Director of Finance/Clerk-Treasurer
(920) 593-5511
[email protected]
Village of Bellevue
Village Hall/Public Safety Building
3100 Eaton Road
Bellevue, WI 54311
- You are required to complete the Objection to Real Property Assessment form (PA-115A) in full and submit it to the Village Clerk BEFORE the Board of Review meeting.
What evidence do I need to present to the Board of Review?
The best evidence of value is the recent sale price of your property. To ensure an accurate assessment of your property, it is to your advantage to allow the assessment personnel inside your property when an inspection is requested.
What if there hasn't been a recent arm's-length sale of my property?
The next best evidence is the arm’s-length sales of reasonably comparable properties. These are properties like yours in location, age, style, condition, and other features that affect market value, such as the number of bathrooms, bedrooms, and size of garage.
How will my taxes change as a result of a new assessment?
Though the value of your property affects your share of taxes, the actual amount you pay is determined by the budget needs of the schools, village, county, technical college and state. All these taxing units decide what services they will provide in the coming year and how much money they will need to provide those services.
Assessed Value vs. Fair Market Value
Assessed Value: This is the dollar value placed on a parcel of property by the Assessor. It is computed by analyzing individual sale transactions and inspections of property within the municipality. This value is important because it establishes and maintains equity between and among all taxpayers in the municipality. This is the value that is used to calculate your tax bill.
Estimated Fair Market Value: (a.k.a. Equalized Value) This value estimate is determined by the State of Wisconsin – Department of Revenue. It is used to apportion tax levies among municipalities and is used in the distribution of shared revenues. State law requires that assessors be within 10% (higher or lower) of the State’s Fair Market Value.
Click here to download the Revaluation FAQ pdf.