Capitol Buzz
August 3, 2021
DOR Posts 2021Preliminary Equalized Values and Net New Construction Numbers

Last week, the Department of Revenue posted on its website its preliminary 2021 Equalized Values, Tax Incremental District (TID) Values, Net New Construction Report, and County Apportionment Report.

DOR posts the 2021 preliminary Equalized Values to provide municipalities an opportunity to review the values before the Department certifies them on Friday, August 13.

Information Available for Review – August 9 review deadline
  • Net new construction and TID Values
  • Municipal assessor provides the assessed values used by DOR to calculate net new construction and TID full values. Note: Full values may contain corrections to the prior year's values.
  • If you would like to review the assessed values reported to DOR, contact your municipal assessor
  • Equalized Values – reflects all value changes to your municipality

  • August 9 – deadline for municipalities to contact an Equalization Bureau District Office with questions or concerns about the preliminary values.
  • August 13 – DOR publishes the 2021 Final Equalized Values, TID Values, Net New Construction Report and County Apportionment Report, and notifies stakeholders.

Available Reports

Another Court of Appeals Decision Upholds City Assessment against Dark Store Based Challenge

More good news to report on the dark store front. On July 28, the Wisconsin Court of Appeals issued its third decision in 10 months rejecting dark store based assessment challenges filed by Lowe’s stores. The latest decision involves a Lowe's store in the City of Delavan. The City assessed the store at $8,992,300. Lowe’s claimed it was over assessed and should be valued at $4,600,000. In support of its challenge, Lowe's submitted sales prices from the sale of several dark and distressed big box stores in Wisconsin. The court rejected Lowe’s comparable sales data and upheld the circuit court decision concluding that the city had not over assessed the property. The court of appeals said that Lowe’s argument failed because it was contrary to the Department of Revenue's Wisconsin Property Assessment Manual directive that the assessor should avoid using sales of improved properties that are vacant (‘dark’) or distressed as comparable sales unless the subject property is similarly dark or distressed. 

Read the Court of Appeals decision here. (Note: This is a per curium decision and cannot be cited in any court of this state as precedent or authority.)