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2021 - 2022 LEGISLATURE
October 8, 2021 - Introduced by Representatives Brooks, Armstrong, Dittrich,
Gundrum, Kitchens and Born, cosponsored by Senator Feyen. Referred to
Committee on Housing and Real Estate.
AB610,1,2 1An Act to amend 70.32 (1); and to create 70.32 (1p) of the statutes; relating
2to:
prohibiting certain property tax assessment practices.
Analysis by the Legislative Reference Bureau
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.

For further information see the state and 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:
AB610,1 1Section 1. 70.32 (1) of the statutes is amended to read:
AB610,2,142 70.32 (1) Real property shall be valued by the assessor in the manner specified
3in the Wisconsin property assessment manual provided under s. 73.03 (2a) from
4actual view or from the best information that the assessor can practicably obtain, at
5the full value which could ordinarily be obtained therefor at private sale. In Subject
6to sub. (1p), in
determining the value, the assessor shall consider recent
7arm's-length sales of the property to be assessed if according to professionally
8acceptable appraisal practices those sales conform to recent arm's-length sales of
9reasonably comparable property; recent arm's-length sales of reasonably
10comparable property; and all factors that, according to professionally acceptable
11appraisal practices, affect the value of the property to be assessed. In determining
12the value, if there is an inconsistency or ambiguity between the Wisconsin property
13assessment manual provided under s. 73.03 (2a) and a statute, the statute shall
14control the practices of the assessor.
AB610,2 15Section 2. 70.32 (1p) of the statutes is created to read:
AB610,2,1816 70.32 (1p) Beginning with the property tax assessments as of January 1, 2022,
17the assessor may not do any of the following when determining the value of real
18property:
AB610,2,2019 (a) Use a mortgage or bank appraisal, or any portion thereof, to determine the
20property's assessed value.
AB610,3,2
1(b) Use projected rents and other future or anticipated benefits to determine
2fair market value.
AB610,3,43 (c) Use list or asking prices, or list or asking rents, to determine fair market
4value.
AB610,3,65 (d) Use price trends to determine fair market value in order to increase the
6assessed value of multiple properties by a general amount or percentage.
AB610,3,107 (e) Take into consideration the value of a club house, swimming pool, or other
8amenity that is part of a multifamily property when assessing the multifamily
9property if the club house receives minimal or no rental income, regardless of
10whether the club house is located on a separate lot.
AB610,3,1111 (End)
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