Ledgeview contracts for assessment services with Fair Market Assessments.
The Town of Ledgeview completed a market adjustment in 2022. The 2022 equalized ratio as determined by the Wisconsin Department of Revenue, is 103%.
The Wisconsin Dept. of Revenue (DOR) requires the assessed value of a municipality to be within +/- 10% of 100% market value. If values are higher than 110% or lower than 90%, the DOR will notify the municipality of non-compliance. If values are not brought into compliance within four years of the notice, the DOR will perform its own revaluation. This is generally not in the municipality’s best interest. Therefore market adjustments will be made from time to time.