AB215-ASA1,2,35
70.34
(1) All Subject to sub. (2), all articles of personal property shall, as far
6as practicable, be valued by the assessor upon actual view at their true cash value;
7and after arriving at the total valuation of all articles of personal property which the
8assessor shall be able to discover as belonging to any person, if the assessor has
9reason to believe that such person has other personal property or any other thing of
10value liable to taxation, the assessor shall add to such aggregate valuation of
11personal property an amount which, in the assessor's judgment, will render such
12aggregate valuation a just and equitable valuation of all the personal property liable
1to taxation belonging to such person. In carrying out the duties imposed on the
2assessor by this section, the assessor shall act in the manner specified in the
3Wisconsin property assessment manual provided under s. 73.03 (2a).
AB215-ASA1,2,145
70.34
(2) The assessor shall determine the value of an outdoor off-premises
6advertising sign by subtracting depreciation from the cost of reproducing the sign,
7consistent with the cost approach specified in the Wisconsin property assessment
8manual provided under s. 73.03 (2a). The value determined under this subsection
9shall not include the value of any permits issued, leasehold interests, or other
10intangibles with regard to the outdoor off-premises advertising sign. No outdoor
11off-premises advertising sign; or permit, leasehold interest, or other intangible
12related to such sign; may be assessed as real property. In this subsection,
13"off-premises advertising sign" means a sign that does not advertise the business or
14activity that occurs on the site where the sign is located.
AB215-ASA1,2,1616
(1) This act first applies to the property tax assessments as of January 1, 2009.
