What's News in Pleasant Prairie, Wisconsin
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Assessment notices will be mailed to Pleasant Prairie property owners on May 24. As a result of the downturn in the real estate market during the two years prior to January 1, 2010, Village property owners can expect to see a general decrease in their property assessments. This is in contrast to the slight changes that generally occurred during the 2008 revaluation process. Please note that a decrease in your property assessment does not always lead to a decrease in your property tax bill, because the cost of providing municipal, county and educational services does not decrease in proportion to declines in the real estate market.
Though a majority of property owners may see their assessed value decline by up to 12%, assessments are conducted on a property-by-property basis. This means that not all properties will experience the same percentage of change. Property valuations are based on a two-year period of actual sales information.
Community-wide revaluations are performed every two years in Pleasant Prairie in efforts to ensure a more equitable and fair application of Wisconsinís property tax process. During periods of rapid market change or when change occurs at different rates within a community, frequent revaluations maintain a more accurate relationship between market value and assessed value. This, in turn, provides fairness for property owners by ensuring a more equitable distribution of the local property tax. Pleasant Prairie property owners can expect to begin receiving their new assessment notices at the end of May. Those residents with questions about their Pleasant Prairie property assessment may contact the Assessors Office at 262/925-6707.