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The DOR suggests a full revaluation with interior inspections be completed every 5 to 10 years, depending on market activity. Revaluations are completed for three main reasons:• To revalue all properties to be within 10% of market value as required by Wis. Stat. Sec. 70.05. • To ensure all properties are assessed consistently between classes and within a class of the major property types. All home owners want to be treated equitably with other home owners. Commercial and agricultural properties must be assessed fairly as well.• To ensure that all assessment data is collected. This data includes a digital sketch, a photo of the property and the various attributes such as age, size, bathroom count, basement finish, condition, quality of construction etc. and appropriate data for attachments and out buildings. This data is collected through a field inspection, which is a physical inspection of the exterior and interior of each property.
In the Village of Waterford, most properties have not had an interior inspection for over 26 years.
Assessors are not interested in reporting potential permit violations only in assessing value.
70.47(7)(aa) No person shall be allowed to appear before the board of review, to testify to the board by telephone or to contest the amount of any assessment of real or personal property if the person has refused a reasonable written request by certified mail of the assessor to view such property.
Basically, the property owner will lose the right to appeal the assessment without an interior inspection.