Board Upholds $695,500 Valuation for New Home at 250 West Rusco Drive
September 29, 2023 | West Bend City, Washington County, Wisconsin
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The Citizens Board of Review affirmed the assessor’s valuation of the single-family property at 250 West Rusco Drive (parcel 11192530048), rejecting the property owner’s request for a reduction.
Owner Ryan Kirkpatrick presented documents including a written statement, assessment comparisons and a bank appraisal. He told the board the house was newly constructed in late 2022 and that construction cost overruns and site-specific features — notably well and septic installation and other site work — mean the improvement valuation should be lower. He told the board his construction contract was for $540,000 and testified later that the total construction cost came in at about $562,800, and he asked the board to set improvement value nearer $450,000.
Assistant Assessor Bill Meyer said the assessor’s office reviewed the parcel and concluded the cost approach was the most appropriate method for this one-year-old home. Meyer listed land and improvement valuations (land about $137,000; improvements about $558,500) and explained the assessor used the Wisconsin Property Assessment Manual’s three-tier methodology to derive a total assessed value of $695,500. He said the assessor’s office would consider a later partial adjustment if an inspection verified the owner’s reported water damage.
Board members weighed the owner’s construction-cost evidence against the assessor’s cost-based analysis and the absence of comparable sales as of the Jan. 1 lien date. The board moved to affirm the assessor’s valuation; roll-call votes were recorded with Jonathan Corbett, Justin Reichert, Adam Wolcott and Mary Ann Ratushik voting to sustain the assessment.
The board noted the owner may continue a dialogue with the assessor’s office, including open-book review opportunities, and that any amendment would follow stipulated procedures and be reflected in a written notice to the owner.
Parcel: 11192530048. Assessor’s conclusion: valuation sustained; office offered to inspect reported damage for potential later amendment.
Owner Ryan Kirkpatrick presented documents including a written statement, assessment comparisons and a bank appraisal. He told the board the house was newly constructed in late 2022 and that construction cost overruns and site-specific features — notably well and septic installation and other site work — mean the improvement valuation should be lower. He told the board his construction contract was for $540,000 and testified later that the total construction cost came in at about $562,800, and he asked the board to set improvement value nearer $450,000.
Assistant Assessor Bill Meyer said the assessor’s office reviewed the parcel and concluded the cost approach was the most appropriate method for this one-year-old home. Meyer listed land and improvement valuations (land about $137,000; improvements about $558,500) and explained the assessor used the Wisconsin Property Assessment Manual’s three-tier methodology to derive a total assessed value of $695,500. He said the assessor’s office would consider a later partial adjustment if an inspection verified the owner’s reported water damage.
Board members weighed the owner’s construction-cost evidence against the assessor’s cost-based analysis and the absence of comparable sales as of the Jan. 1 lien date. The board moved to affirm the assessor’s valuation; roll-call votes were recorded with Jonathan Corbett, Justin Reichert, Adam Wolcott and Mary Ann Ratushik voting to sustain the assessment.
The board noted the owner may continue a dialogue with the assessor’s office, including open-book review opportunities, and that any amendment would follow stipulated procedures and be reflected in a written notice to the owner.
Parcel: 11192530048. Assessor’s conclusion: valuation sustained; office offered to inspect reported damage for potential later amendment.
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