Presentation
CITY OF JANESVILLE City Council Meeting April 11, 2011
2011Property Revaluation Update Assessors Office April 11, 2011
Standard for Assessments Wisconsin assessment law requires that assessed values be between 90 – 110% of Full Value (fair market value) at least once in each 4 year period. We measure
that with Assessment Ratios Assessments = Ratio Sale Prices
History of Ratios Year 2002 (last reval) 2003 2004 2005 2006 2007 2008 2009 2010 2011 (required) % FV 97.99 96.24 92.55 88.72 84.79 81.89 79.99 81.99 88.1 100+/-$134,800 $140,000 ASSESSED
VALUE OF $127,100$131,600 $131500 $125,000 $130,000 $135,000 AVG HOME ESTIMATED FAIR MARKET VALUE COMPLIANCE $112 000$116,500$121,500 $122,400$115,000 $114,700 $120,000 $107,800 $107,800
$107,800 $110,000112,000 $100,000 $105,000 $110,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011…
Purpose of Revaluation To value properties at their market value. To insure that property owners pay only their fair share of the total tax. We do not revalue to collect more tax
– that is a common misconception. Revaluations are “Revenue Neutral” – they do not change the total amount of tax collected.
Need More Information? For questions or more information, please contact the Assessors Office (608) 755-3045 www.ci.janesville.wi.us
CITY OF JANESVILLE City Council Meeting April 11, 2011
Action on a Proposed Resolution Authorizing the City Manager to Execute a Use Agreement with the Friends of Lustig Park Disc Golf Club (File Resolution #2011-793 Parks Division April
11, 2011
Course Layout
Existing Basket Style
New Basket Style
Contract Terms 2 year Term City could terminate the contract on ninety (90) days notice or the Friends could terminate on ninety (90) days notice City would continue to provide
general course maintenance Friends attention to course layout, play, and special events similar to a regular golf course Friends invest all proceeds back in the course or otherwise
into Lustig Park
Recommendation Staff recommends the Council pass resolution 2011-793.
Need More Information? For questions or more information, please contact: Tom Presny, Parks Director (608) 755-3026
CITY OF JANESVILLE City Council Meeting April 11, 2011
Acquisition -1909 Joseph Street
Acquisition -1909 Joseph Street
Acquisition -1909 Joseph Street
CITY OF JANESVILLE City Council Meeting April 11, 2011