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How does the assessor value property?
Wisconsin Law requires that property assessed values be based on fair market value. This is accomplished when we do a citywide revaluation. Estimating the market value of your property in the City of St. Francis is a matter of determining the price a typical buyer would pay for it in its present condition. Some factors the assessor considers are: what similar properties are selling for, what it would cost to replace your property, the rent it may earn, and any other factors that affect value. It is important to remember that the assessor does not create this value, but rather interprets what is happening in the market place.

Frequently Asked Assessor Questions

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1. What does an Assessor do?
2. How does the assessor value property?
3. What if I think my assessment might not be correct?
4. How do I know if my assessment is fair?
5. If after discussing my assessment with the Assessor's office staff I still think the assessment is not correct, what should I do?
6. What is the Board of Review
7. What happens after the Board of Review makes its decision?
8. What is a "Valid" or Market Sale?
9. Do the market values of all properties change at the same rate and over the same time frame?
10. Why do assessors avoid considering foreclosure or estate sales when calculating assessments.
11. What is a Revaluation?
12. Will I be notifieed if there is a change in my assessment?
13. How can my assessment change when I havn't done anything to my property.
14. Can my assessment change in the years between citywide revaluations?
15. What will happen to my assessment if I improve my property?
16. I have recently built a new home. Will cost to build my property be considered when my assessment is calculated?
17. I have a refinance appraisal- Will you change my assessment to the appraiser's value?