Waukesha Board of Review upholds assessor's valuation on commercial property

The City of Waukesha's Board of Review convened on July 11, 2025, to address property assessments, with a significant focus on the valuation of a multifamily property. The board unanimously upheld the assessor's valuation, concluding that the evidence presented supported the fair market value of the property in question.

During the meeting, board members discussed the importance of comparable sales data and the necessity of adjustments to accurately reflect market conditions. One member emphasized that the assessed value aligns with the broader market, stating, "There is certainly support for the assessed value," and noted that the property owner failed to provide sufficient evidence to challenge the assessor's findings.

The board's decision was formalized through a motion that confirmed the assessor's methods were compliant with statutory requirements, as outlined in the Wisconsin Property Assessment Manual. The motion passed with a roll call vote, reinforcing the credibility of the assessor's valuation.

In a separate matter, the board addressed a procedural issue regarding the representation of property owners. An attorney representing Richard and Jacqueline Offerman was unable to provide the necessary authorization to appear on their behalf. The board opted to reschedule their hearing, ensuring that proper documentation would be in place for future discussions.

The meeting concluded with a motion to adjourn, highlighting the board's commitment to thorough and fair assessment processes while maintaining procedural integrity. Property owners were reminded of their right to appeal the board's decisions if they wished to contest the outcomes.