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Consideration of approval of settlements for two Wis. Stat. 74.37 excessive property assessment claims - Lowes Home Centers, Inc., 12000 W. Burleigh Street, and Scott Schueller, 8217 Brookside Place
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Submitted by:
Derik Summerfield
Department
Finance Department
A. Issue
City Attorney and Assessor staff have come to preliminary settlement agreements with two properties that will result in property tax refunds for the property owners. In each case, the property owners filed a 74.37 excessive assessment claim.
B. Background/Options
City Attorney and Assessor staff have come to preliminary settlement agreements with two properties that will result in property tax refunds for the property owners. In each case, the property owners filed a 74.37 excessive assessment claim.
The first agreement involves Lowes Home Centers LLC located at 12000 W. Burleigh St. The parties agree that the agreed upon assessed value for the purpose of calculating the refund set forth is $15,356,300 for the 2025 tax year. Under this agreement, the City would pay $74,191.38 as a partial refund for the 2025 tax year. A review of the claims by the City Attorney's office indicates that settlement now will be significantly more cost effective than incurring the costs to litigate the claim. Calculation of the refund is found below.
Property ID: 2979995004
Property Address: 12000 W BURLEIGH ST
Owner: LOWES HOME CENTERS INC
2025 Original Assessed Value
$19,524,600
2025 Amended Assessed Value
$15,356,300
Value Difference
$4,168,300
2025 Property Tax Rate
$17.798954
Property Tax Refund
$74,191.38
The second agreement involves a residential property located at 8217 Brookside Place. After discussion, City staff determined that adjusting the 2025 assessed value and issuing a property tax refund to this property owner in hopes of eliminating this from becoming a lawsuit is in the best interest of the City. Calculation of the refund is found below.
Property ID: 4070005000
Pro...
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