A Wisconsin property owner believes the local assessor has overvalued her residential property. She wants to formally challenge the assessed value. What is the correct first step in the Wisconsin property tax assessment appeal process?
Correct Answer
C) Appear before the local Board of Review and file a written or oral objection
Under Wisconsin Statutes § 70.47, the Board of Review is the proper first forum for challenging a property tax assessment in Wisconsin. Property owners must appear before their local Board of Review (which convenes annually) and file an objection — either in writing before the session or orally at the session — to contest the assessor's valuation. This is a mandatory first step before further appeals are available.
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Key Terms:
Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
Various programs and exemptions exist to reduce the property tax burden for specific groups, such as seniors, homesteaders, or veterans.
A transfer tax is a tax imposed on the transfer of ownership of real estate.
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