Town of Milton Revaluation of All Real and Personal Property

The purpose of the Revaluation of the Town of Milton is to ensure equity between individual assessments and to distribute the tax burden fairly.    A Revaluation is Not an Exercise in Raising Revenue, the overall tax levy is determined by the four taxing bodies (Municipal, County, School District, and Tech School), which are independent of the Town’s decision to complete the revaluation.

How will my taxes change because of the Revaluation?

The total assessment of the Town increased from $55.2M to $82.7M, or about 50%.  If your assessment increased by the same amount, your tax liability did not change.   A 50% increase was not applied to everyone uniformly, rather each property was individually valued at its full, fair market value.  The revaluation has no impact on MFL contracts.  The Dept of Revenue assigns a value (the equalized value) to each municipality.  We must equal this value to ensure the Town is in compliance.

So, my taxes will not increase by the same percentage as shown on my notice?

No, because the total assessment of the municipality went up by 50% and because the revaluation is not an exercise in raising revenue, the mill rate will go down.  The overall tax rate hasn’t been determined, so your taxes could still be different.

	2023	2024
Total Assessment	$55.2M	$82.7M
	Net Tax Rate (per $1000)*
SD-Cochrane-FC	$18.24	$12.17
	*2024 rate is an estimate

 

 

 

 

For example, if you had an assessment of $100,000 in 2023, you would have had a tax bill of roughly $1,824.  In 2024, an assessment of $150,000 would have the same $1,824 tax.

How can my assessment change when I haven’t made any changes to my property?

The last time a revaluation was completed in the municipality was in 2018.  Since then, market values and general economic conditions have changed, in some cases, changed dramatically.   Assessments are not changed yearly based on the market, so this is not a one year, but a change over multiple years.  Also, if you have changed the use of your land or the land was previously incorrectly classified, it may result in a change of your assessment. 

Note, if you have land enrolled in CRP or another eligible conservation program, you will need to file Department of Revenue form PR-324 with our office.

Where can I go if I still have questions?

You can find a really good read here (www.revenue.wi.gov/DOR%20Publications/pb060.pdf) and more information on land classification and assessment here (www.revenue.wi.gov/DOR%20Publications/pb061.pdf).  You can send me an email at [email protected] or you can also call 715-549-1032 or 608-863-2175.   Phone calls between 9am and 4pm are a great opportunity to have most questions answered.   An Open Book meeting will be held at the time and date on your notice if you’d like to speak in person.  The Board of Review is your opportunity to formally appeal.