Is Your Madison WI Property Assessment Out of Whack?
Posted by Jolenta Averill on
That old joke about how your tax assessor views your property may be more true than you realize...
In a recent conversation with City of Madison Assessor's Office I was struck by two things: One, the fact that the office of the City Assessor of Madison does not have unfettered access to the South Central Wisconsin MLS (apparently they they have access to Sold listings but do not have access to Active, Pending and Expired listings). And two (and perhaps more surprising), that in valuing properties for the purpose of determining homeowners' annual property assessments, the City doesn't use certain recent comparable solds. Which recent comps, you might ask? Well, recent comps deemed by the City to have been "sold under duress" as in, you guessed it, short…
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