This is the largest increase in assessed value in over a decade. It reflects confidence in the City s housing market and in people s belief that Milwaukee is an excellent place to live. Growth was strong in all aldermanic districts reflecting a positive outlook that extends to all areas of the City. Nationwide Milwaukee is known for its affordable housing and as a comfortable and safe place to live. The revaluation ensures that the distribution of property taxes is fair and impartial.
Many factors affect values and cause assessment changes to differ.
As all real estate professionals will agree, location is the single most important consideration. However, type of property, design, condition, quality and many other factors also play a role in determining value. Any complains about taxes should be addressed directly to those units of government.