A Rock County Circuit Court judge rules that 2020 and 2021 assessments for the Janesville Mall property were overvalued. Judge Daniel Dillon reaches the decision Friday, stating that the ruling essentially drops the value of the mall, now known as Uptown Janesville, from approximately 19 million dollar based upon commercial real estate practices to roughly 9.5 million dollars in the last tax year. The decision also points out that the mall property purchased by Rockstep in 2018 includes the mall buildings and the mall’s land, but not the Sears store and automotive center on the property. Rockstep purchased the two Sears store buildings for $500,000 in 2019 after Sears closed their Janesville location. The court also decides that a proposed sale of the Sears property to the City of Janesville for one dollar would further diminish the value of the property.
