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Administrator of the Division of State and Local Finance
Racine County Economic Development Corporation
Around the Corner with John McGivern ...
Around the Corner with John McGivern | Interview | #107 | Claude Lois
Burlington Area Chamber of Commerce - Burlington, Wisconsin
By law, Wisconsin applies tax rates to 100 percent of a property's assessed market value.
But because school districts often cross municipal boundaries, and property assessments often vary from municipality to municipality, the DOR "equalizes" the assessments from municipality to municipality so school district tax rates can be applied equally to all property owners.
In this case, however, the property values were equalized without the knowledge that a portion of the town lost $27 million in property value, Lois said.
Lois indicated that disconnect between equalized assessed valuation and the property tax rate approved by the school districts probably caused the radical increase in tax rates for Lyons property owners within the two Lake Geneva school districts.
In essence, said Lois, the equalization was unequal.
The Journal Times: News
Art Walk: Dec. 6 -- Downtown Burlington.
Hull & Associates Inc
First Free Church
The Corcoran Group Inc
GlobeOp Financial Services