The City of Janesville works to reduce the sticker shock for citizens the next time new assessed property values are released.
City Assessor Michelle Laube says the City’s strategic plan includes doing a revaluation every other year.
Moving forward the City plans to complete a revaluation on all odd years, so on average citizens will only see a three to six percent change in assessed value per year.
Laube says the City was forced by the Department of Revenue to complete the latest revaluation as the difference between assessed values and estimated fair market values were outside of the 90 to 110 percent range.
