The City of Waukesha's Board of Review convened on July 29, 2025, to discuss property assessments and address discrepancies in valuation data. The meeting focused on the assessment of a multi-family property, where the assessor presented updated information that highlighted differences in data affecting the property's value.

The discussion began with the assessor explaining that the original valuation was based on data available at the time the assessment roll was signed. However, new insights regarding the property's condition and unit count emerged during the review process. The assessor noted that the property in question has seven units, and additional details about the interior and other attributes were provided by the agent representing the property.

The board reviewed a sheet that included comparable sales data, which suggested that the initial assessment might not accurately reflect the property's current market value. The assessor emphasized the importance of these new data points, particularly in relation to income generation from the property, which could be influenced by the number of units and their respective values.

Despite the new information, the assessor maintained that the original valuation would remain in effect until the assessment record could be updated to incorporate the latest findings. The board was informed that future adjustments would be made to reflect the new data, which could potentially impact the property's assessed value.

As the discussion progressed, board members sought clarification on the details presented, particularly regarding the average unit value derived from comparable properties. The assessor confirmed that the final column on the provided sheet represented the average unit value, which was calculated based on the updated information.

The meeting concluded with a reminder that multi-family assessments involve various factors that may not always be captured in the assessment record. The board acknowledged the significance of the new information and its potential implications for future property valuations.

Overall, the Board of Review's session highlighted the ongoing efforts to ensure accurate property assessments in Waukesha, reflecting the importance of updated data in the valuation process.