PROPERTY ASSESSMENTS
An assessment is the value an assessor places on your property. This value determines what portion of the local property tax levy is covered by your property. An assessed value is the value a local assessor places on taxable property. Under state law, all non-agricultural assessments must be based on the property’s market value as of January 1. State law recognizes every municipality cannot be assessed at market value each year. The law requires each municipality is within 10% of market value once every five years. Assessed values are used to distribute the municipality’s tax burden among the individual property owners. The assessor of each taxation district determines the assessed value of all taxable property, with the exception of manufacturing property. The Wisconsin Department of Revenue (DOR) annually assesses all manufacturing property in the state. The assessor is appointed or elected at the local level. When the assessor completes the assessments, the Assessor’s Affidavit (PA-533) is signed and attached to the assessment roll as required by law. Both are then turned over to the (BOR) Board of Review.
Clicker to Pay Property Taxes
The Village of Cameron’s Assessor is Bill Koepp with Aspect Assessing. The Assessor’s primary function is to establish the market value and classification of all properties within the Village. Bill Koepp can be reached at (715) 790-3688.
Property inspections ensure that property information is accurate and up-to-date. Properties are analyzed by cost, income, and sales data and the combined data is applied to similar properties for an analysis to ensure that all properties are valued fairly.
Please contact Bill Koepp at Aspect Assessing. He can be reached at (715) 790-3688.
The tax on each property is determined according to its value, property use, and the property tax levies. Assessors are responsible for estimating property values and setting property use classifications for tax purposes.
PROPERTY TAXES
The governing body of each town, village, city, county, school district and state, levies the total amount of tax to be raised. However, it is the city, village or town that prepares the tax bill and collects the initial tax payment. Each year the governing body of the city, village, town, county and school district adopts a budget for the following year. To finance the expenditures in the budget, it totals all expected revenue sources (ex: state aids, shared taxes, license fees, tuition). This amount is then subtracted from the estimated expenditure figure and the remainder must be raised from the property tax. In the case of the forestation state tax, the levy is determined by the state legislature and is applied in terms of a statewide rate ($.1697 per $1,000 of full value).
A Guide for Property Owners from the Department of Revenue, State of Wisconsin can be viewed at https://www.revenue.wi.gov/DOR%20Publications/pb060.pdf and provides an in-depth understanding of the tax process.