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Bob Webster comments on Fontana Wisconsin Assessment Debate

by Lake Geneva Lakefront

Bob Webster of Keefe Real Estate in Lake Geneva, Wisconsin commented this week on the situation in the Village of Fontana regarding the reassessment process currently underway.  Being a resident of Fontana and having gone through the open book session and discussions with the assessor, Webster was interviewed by the local Lake Geneva Regional News newspaper.  Many residents received a reassessment notice from the Village recently with most seeing increases anywhere from 50% to 75% over the past year.  Webster commented that the idea of bringing property assessments up to current value is a perfectly legitimate position for the Village to take and they should be commended for trying to correct the inequities that exist.  In most cases with municipalities in the area, properties are often placed on the market for sale and in fact sold at values considerably higher than the assessed value.  The good news is that as the total of the assessed value for all property in the Village is raised, there is generally a corresponding reduction in the mill rate with an end result that many homeowners do not end up seeing a significant increase in the amount of real estate taxes they will pay.  The key is for the property owners is to be assured that the new assessment is a realistic number and not higher than what the property would sell for if placed on the market for sale.  As the assessor, Accurate Appraisal, LLC was charged with establishing this new value as of January 1st of 2008, no sold data was allowed to be used for the current year.  If you have any questions about the process or the current value of your home, Webster can be contacted at 262-348-3233 or Bob@LakeGenevaProperty.com.  His Web Site address is www.LakeGenevaProperty.com.

 

Here is a very interesting perspective on the Real Estate Market today

by Lake Geneva Lakefront

I saw this video from CNBC on a fresh way to view how things really are today in the real estate market.  I hope you find it interesting.
http://www.cnbc.com/id/15840232?video=780461999

Displaying blog entries 1-2 of 2