Well, no kidding- of course Wisconsinites are being overtaxed.
It is finally starting to dawn on people that assessment values on property are way higher than they should be.
Taxing times for homeowners
For years, taxpayers have been complaining about this. The assessed value of their homes is way higher than the re-sale value of your home-
"Our townhouse in Wauwatosa, on the market for eight months, was reassessed at $391,000 last summer," Boyce said. "Our asking price, after being lowered twice, is now $349,900 and still we have not received any legitimate offers. Assessments are completely out of whack with values."
Because of these outrageous assessments, we are being overtaxed. You gotta love this statement:
"It's not that big of a deal for the most part because probably everybody is valued higher. But to the extent that one area is declining more than the others, you might get distortions. Those residents might be overtaxed slightly," Knapp said.