LRB-4763/1
JK:kjf:rs
2005 - 2006 LEGISLATURE
March 9, 2006 - Introduced by Senators Breske, A. Lasee, Erpenbach and
Grothman, cosponsored by Representatives Hahn, Albers, Musser, Vos and
Seidel. Referred to Committee on Housing and Financial Institutions.
SB663,1,2
1An Act to amend 70.365 of the statutes;
relating to: notice of changed
2assessment on improvements on leased land.
Analysis by the Legislative Reference Bureau
Under current law, if a taxation district assessor assesses any real property, or
any improvements taxed as personal property, at a value that is greater than the
assessed value of the property in the previous year, the assessor must send a notice
of changed assessment to the property owner. Under this bill, generally, a taxation
district assessor must send a notice of changed assessment to a person who owns a
building on leased land, if the assessor assesses the building at a value that is at least
10 percent greater than the assessed value of the building in the previous year.
For further information see the local fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB663, s. 1
3Section
1. 70.365 of the statutes is amended to read:
SB663,2,17
470.365 Notice of changed assessment. When the assessor assesses any
5taxable real property,
any improvements on leased land under s. 70.17 (1), or any
6improvements taxed as personal property under s. 77.84 (1), and arrives at a
1different total than the assessment of it for the previous year, the assessor shall
2notify the person assessed if the address of the person is known to the assessor,
3otherwise the occupant of the property. The notice shall be in writing and shall be
4sent by ordinary mail at least 15 days before the meeting of the board of review or
5before the meeting of the board of assessors in 1st class cities and in 2nd class cities
6that have a board of assessors under s. 70.075 and shall contain the amount of the
7changed assessment and the time, date and place of the meeting of the local board
8of review or of the board of assessors. However, if the assessment roll is not complete,
9the notice shall be sent by ordinary mail at least 15 days prior to the date to which
10the board of review has adjourned. The assessor shall attach to the assessment roll
11a statement that the notices required by this section have been mailed and failure
12to receive the notice shall not affect the validity of the changed assessment, the
13resulting changed tax, the procedures of the board of review or of the board of
14assessors or the enforcement of delinquent taxes by statutory means. The secretary
15of revenue shall by rule prescribe the form of the notice required under this section.
16The form shall include information notifying the taxpayer of the procedures to be
17used to object to the assessment.
SB663,2,1919
(1) This act first applies to the property tax assessments as of January 1, 2007.
