Board approves value changes for multiple properties including Hobby Lobby and apartments
November 07, 2023 | West Bend City, Washington County, Wisconsin
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The Board of Review meeting held on November 6, 2023, in West Bend City, Wisconsin, focused on property value stipulations for several local parcels, including residential and commercial properties. The meeting aimed to address adjustments in property assessments based on recent evaluations and discussions with tax representatives.
The first property discussed was a 16-unit apartment building located at 511 Mulberry Drive East. The original assessed value was set at $2,073,600, but after review, the board recommended a stipulated value of $1,664,900. The motion to approve this stipulation was unanimously passed.
Next, the board reviewed the property at 1800 South Main, home to Hobby Lobby. The original value of this property was $6,659,000, which was adjusted to a stipulated value of $5,991,000 following discussions with a tax representative. This motion also received unanimous approval.
The meeting continued with a discussion on a 64-unit apartment building at 1600 Volt Drive. The original assessment of $6,261,600 was recommended to be reduced to $5,006,700 after thorough inspections and discussions. The board approved this stipulation without opposition.
Lastly, the Arbor Trace Apartments at 810 Wynert were reviewed. Due to a transfer of LLC interest and additional information received, the board recommended a reduction in the assessment from $6,104,000 to $4,467,000. This motion was also passed unanimously.
In addition to the property stipulations, the board addressed subpoena requests for Walgreens properties located at 1921 South Main Street and 1720 West Washington. The board had issued subpoenas to gather further information regarding these properties.
Overall, the meeting highlighted the board's commitment to ensuring fair property assessments and addressing concerns raised by property owners and tax representatives. The next steps will involve further discussions on the subpoena requests and any additional evaluations needed for the properties in question.
The first property discussed was a 16-unit apartment building located at 511 Mulberry Drive East. The original assessed value was set at $2,073,600, but after review, the board recommended a stipulated value of $1,664,900. The motion to approve this stipulation was unanimously passed.
Next, the board reviewed the property at 1800 South Main, home to Hobby Lobby. The original value of this property was $6,659,000, which was adjusted to a stipulated value of $5,991,000 following discussions with a tax representative. This motion also received unanimous approval.
The meeting continued with a discussion on a 64-unit apartment building at 1600 Volt Drive. The original assessment of $6,261,600 was recommended to be reduced to $5,006,700 after thorough inspections and discussions. The board approved this stipulation without opposition.
Lastly, the Arbor Trace Apartments at 810 Wynert were reviewed. Due to a transfer of LLC interest and additional information received, the board recommended a reduction in the assessment from $6,104,000 to $4,467,000. This motion was also passed unanimously.
In addition to the property stipulations, the board addressed subpoena requests for Walgreens properties located at 1921 South Main Street and 1720 West Washington. The board had issued subpoenas to gather further information regarding these properties.
Overall, the meeting highlighted the board's commitment to ensuring fair property assessments and addressing concerns raised by property owners and tax representatives. The next steps will involve further discussions on the subpoena requests and any additional evaluations needed for the properties in question.
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