Village-Wide Property Revaluation Underway
The Village of Greendale is moving forward with Village-wide property revaluation this year, according to a notice on their website. The Village has contracted with Tyler Technologies to conduct the work. The last Village-wide revaluation occurred in 2012.
According to the Village, there have been market place changes since 2012 and the average property in the Village was assessed at “approximately 95% of market value.”
The 2016 revaluation will include updating the assessment database with new digital images of each property. The new images will assist in developing accurate assessments. The revaluation will be conducted via an office review of each property using the updated digital photos, as well as electronic maps and aerial photos. This method of revaluation is approved by the Department of Revenue, according to the Village.
The revaluation process is expected to be completed this month and Village property owners will receive a notice of assessment the week of July 18, according to the Village.
The value on the Notice of Assessment should represent the estimate of 100% market value of each property as of January 1, 2016 and will include instructions on how to contact the Assessor’s Office should you disagree with the proposed value or have any questions regarding the process.