Residential and Commercial 2025 Revaluation

State law requires each municipality to assess all major classes (residential and commercial) of property within 10% of full value, at least once in a five-year period. The Village of East Troy’s last revaluation was in 2021. Due to market conditions, the Village was already out of the 10% compliance in 2022 for residential assessments. In accordance with this law, the Village is required to perform a revaluation no later than 2026.  The Village contracted with Associated Appraisal Consultants (AAC) for a market revaluation in 2025.  The purpose of a revaluation is to ensure all properties are accurately valued based on market conditions. It is our goal to make sure the values that are placed are fair, uniform, and equitable across the Village of East Troy. Statistics are run to ensure these goals are met using the standards set by the Wisconsin Department of Revenue and the International Association of Assessing Officers. Once AAC has completed the revaluation, property owners will be mailed a notification of change in assessment.  Open Book and Board of Review dates will be published in the East Troy Times, and posted on the Village of East Troy Website, and at the Village Hall, East Troy Public Library, Hansen’s IGA, East Troy Post Office, and Village Hall Board Room. More information can be found here.

Relationship Between Equalized (Full Value) and Assessed Value)

Equalized Value is determined annually by the State of Wisconsin to ensure statewide fairness for distribution of taxes and considered full value. Assessed value is assigned to individual properties by the Village Assessor.

Will My Taxes Increase?

Revaluation does not necessarily correlate with a tax increase. The Assessor only determines property value not taxes. Generally speaking, if the overall assessment goes up, the tax rate goes down or if the overall assessment goes down, the tax rate goes up. 

If a property’s assessment increase is proportionate with others in the municipality, it should not experience a tax increase due to revaluation. However, an increase may still occur due to other factors such as an increase in the overall levy or a higher equalized value increase for the Village than other municipalities within other tax districts (school, county or technical college). State levy-limit laws limit the Village’s levy increase (set at budget adoption) to the amount of new construction in the municipality or by debt payments (not subject to levy limits). Therefore, the levy is not linked to increased assessment values.

WI Department of Revenue 2025 Guide for Property Owners:  https://www.revenue.wi.gov/DOR%20Publications/pb060.pdf
Understanding Your Assessment: https://www.iaao.org/wp-content/uploads/Understanding-Your-Assessment.pdf