2025 Village Wide Revaluation

Wisconsin law 70.05(5) requires each municipality to assess all property within 10% of full value once in a five-year period. To remain in compliance with state law, the assessor will be conducting a Market Update Revaluation for 2025. The last revaluation was performed in 2019.

1.  Why do a revaluation? 
1. A revaluation does not raise more money, rather it redistributes the existing tax levy based on current home values. Over time, certain neighborhoods or styles may appreciate or depreciate at different rates.  This can cause inequity in the property tax distribution. Therefore, the purpose is to restore fairness and equity.
2.  Do all values change at the same rate? 
1. No. Changes in value for both residential and commercial properties can vary significantly by type, style, price range, location and other factors.
3.  Will the village’s tax revenue increase because of the revaluation? 
1. No. Only through the budget process can new tax revenue be raised. A Village-wide revaluation redistributes the taxes, it does not increase them.
4.  When will my 2025 property taxes be determined? 
1. In December, 2025. Your taxes are calculated by multiplying your new assessed value by the 2025 tax rate. The new tax rate will not be known until the village, county, school district, and technical college adopt their budgets. Tax rates are determined by the taxing authorities, not the assessor.
5.  What if I didn’t make any improvements to my home since the last revaluation?  
1. High demand for housing has fueled significant price appreciation over the past several years. Even if improvements were not made to a home, values have increased due to higher demand.
6. How does the assessor determine my value? 
1. The assessor uses all market evidence, including recent valid sales of your home or comparable homes, to determine the new assessed value.  
7. How do I know if my assessment is correct? 
1. Look at recent comparable home sales and listings in your area, review recent appraisals of your home, or contact a realtor or property appraiser.
8.  What if I have questions on my assessment? 
1. All property owners will receive a Notice of Assessment in the mail in the summer of 2025.  With that will be instructions on how to reach or meet with the assessor, as well as property owner appeal options.

 

Questions? Please contact Village Hall at 920-533-8321!

 

Annually, the Village of Campbellsport's assessor, Bowmar Appraisal, will produce a Preliminary Assessment Roll.  If a property assessment changes, a notice is sent to the property owner. 

The Village will hold an Open Book and Board of Review for our residents.  Afterward, the assessment roll is finalized.