Property assessments are stable; Why that's a good and bad thing

MILWAUKEE (WITI) -- City of Milwaukee homeowners have received or are receiving new property assessments -- and most of them didn't go up. That is both good news, and bad news, as the housing market is working to bounce back after the housing crash of 2008.

The good news: property assessments are stable. For most homeowners, property assessments didn't go up, so their property taxes will not go up.

The bad news: property assessments are stable, so for most homeowners, property values are not increasing either.

For the first time since the housing crash in 2008, the city's property assessments are stable. In fact, in 74 of Milwaukee's 140 neighborhoods, assessors say there's been no change.

CLICK HERE to check the latest property assessment in the City of Milwaukee