SB 630

Under this bill, assessors may not do any of the following when assessing the

value of real property for property tax purposes:

1. Use mortgages or bank appraisals, or any portion thereof, to determine the

assessed value.

2. Use projected rents and other future or anticipated benefits to determine fair

market value.

3. Use list and asking prices or rents to determine fair market value.

4. Use price trends to determine fair market value in order to increase the value

of multiple properties by a general amount or percentage.

5. Consider the value of a club house, swimming pool, or other amenity that is

part of a multifamily property when assessing the multifamily property if the club

house receives minimal or no rental income, regardless of whether the club house is

located on a separate lot.

The bill also provides that when there is an inconsistency or ambiguity between

the Wisconsin Property Assessment Manual and a statute, the statute controls the

practices of the assessor.