The City of Waukesha's Board of Review convened on July 11, 2025, to address property assessment disputes, with a significant case involving the commercial property at 1505 Big Bend Road. The property, represented by agent Matt Sellers via Zoom, has an assessed value of $7,368,500, which includes land valued at $696,600 and improvements totaling $6,671,900.
During the meeting, Sellers argued for a reduced assessed value of $4,800,000, emphasizing the need for evidence to support this claim. The Board of Review, which is mandated by law to uphold the city assessor's valuation unless proven otherwise, outlined the process for the hearing. Sellers was informed that he would need to provide compelling evidence to demonstrate that the current assessment was incorrect.
The Board of Review's role is crucial for property owners who believe their assessments do not reflect the true market value. The outcome of this case could have significant implications for the property owner and potentially set a precedent for future assessments in the area.
As the meeting progressed, the Board made it clear that the burden of proof lies with the taxpayer, highlighting the importance of accurate property valuations in maintaining fair taxation practices within the community. The Board is expected to deliberate and issue a decision promptly, which will directly impact the financial responsibilities of the property owner moving forward.