Milwaukee city assessor explains drop in property re-valuations

MILWAUKEE -- Most people who own property in the city of Milwaukee recently learned the assessments on their land and home had fallen by thousands of dollars. Others saw their assessments soar. On Monday, they sought answers from the city assessor herself.

On Monday afternoon, May 14th, the city assessor appeared before the Milwaukee Common Council's Judiciary and Legislation Committee to explain why those assessments changed so dramatically.

One of the biggest factors was the high number of foreclosures and bank sales in the city in recent months. City Assessor Mary Levy also said because there is no requirement that any homeowner let the city into a property, properly assessing a home is difficult.

Any homeowner who would like to challenge their property's assessment can do so. Next Monday, May 21st, is the deadline to appeal your 2012 assessment. For more information about the appeal process visit the City Assessor's website.

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