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Resolution approving settlements of excessive property assessment claims and authorizing a Level 3 fund transfer to issue refund payments
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WHEREAS, two property owners filed claims under Wis. Stat. § 74.37 alleging excessive property assessments for the 2025 tax year; and
WHEREAS, the City Attorney’s Office and the City Assessor have reviewed the claims and negotiated preliminary settlement agreements with the property owners; and
WHEREAS, the first claim involves property owned by Lowes Home Centers, Inc., located at 12000 W. Burleigh Street, where the parties have agreed to amend the 2025 assessed value from $19,524,600 to $15,356,300, resulting in a property tax refund in the amount of $74,191.38; and
WHEREAS, the second claim involves property owned by Scott A. and Serai M. Schueller, located at 8217 Brookside Place, where the parties have agreed to amend the 2025 assessed value from $1,283,700 to $1,080,000, resulting in a property tax refund in the amount of $3,625.65.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City that the settlement agreements resolving the excessive assessment claims for the 2025 tax year filed by Lowes Home Centers, Inc. and Scott A. and Serai M. Schueller are hereby approved.
BE IT FURTHER RESOLVED that partial property tax refunds in the amounts of $74,191.38 and $3,625.65, respectively, are authorized.
BE IT FURTHER RESOLVED that a Level Three fund transfer is hereby approved to provide funding for the refund payments and to recognize the related chargeback revenue from other taxing jurisdictions.
By: Financial Affairs Committee
recommendation
Recommendation: Approve 7-0