Town of Rib Lake - Taylor County WisconsinTown Hall W2382 State Hwy 102, Rib Lake WI 54470

Chairman Joe Knorn N8650 State Hwy 102 Rib Lake WI 54470 715-427-3346Supervisor Ben Kauer W1224 Wood Lake Ave Rib Lake WI 54470 715-427-3622Supervisor Matt Robish W2156 Trout Ave Rib Lake WI 54470 715-427-3350Clerk Jean Kauer W1212 Wood Lake ave Rib Lake WI 54470 715-427-3673Treasurer JoAnn Roiger W760 Wilderness Ave Rib Lake WI 54470 715-427-5661Assessor Cindy Chase W5749 County Rd H Phillips WI 54555 715-820-0541 elk.river@live.com

The Town of Rib Lake was revalued this year in order to meet the requirements that all major classess of property must be valued at 100% at leastonce in each 5 year period. The last revaluation was in 2007. You can see from the report below the changes that have occurred over the last 5years. Even with the nationwide real estate values being very low, our area did not see the giant increases in value as most areas in the country.

In addition to the revaluation process, the Department of Revenue is requiring that all assessment records are in electronic format beginning in 2013.The Town of Rib Lake has had electronic assessment records since 2001, however a new cost model for buildings was used this year, which resultedin changes to the older properties due to a better depreciation schedule. Other properties with deferred maintenance will also see a larger than normaldrop in value. Please contact me by email or phone before the Board of Review meeting in September and I can help answer any question you haveregarding how your assessment was determined. I cannot help with how much your property taxes will be in 2012/2013 because the taxes are onlycalculated after each November when the taxing bodies develop their budgets. Some peoples taxes will go up, some will go down, some will not change.

Thank you in advance for your understand and cooperation with this process. Go back to the website elkriverappraisals.com to download other publicationsregarding the assessment process. Cindy

WISCONSIN DEPARTMENT OF REVENUE

BUREAU OF EQUALIZATION

MAJOR CLASS COMPARISON

AREA 80 NORTH CENTRAL

COUNTY 60 RIB LAKE

TOWN 38 TAYLOR CLASS

Local Assessed Equalized LEVEL OF ALL MAJOR MAJOR CLASS(S)

PROPERTY CLASS TOTAL ASSESSED TOTAL STATE ASSESS CLASSES IN OUT OF

VALUE (DOLLARS) VALUE (DOLLARS) (%) COMPLAINCE COMPLAINCE

2012 PRELIMINARY 1-RESIDENTIAL 46,210,500 46,117,600 1.00

2-COMMERCIAL 442,900 439,800 1.01

4-AGRICULTURAL 793,200 794,000 1.00

6-SUM OF 5,6,7 23,294,300 22,243,400 1.05 YES NONE

P-PERSONAL 326,500 326,500 1.00

**T-TOTAL 71,067,400 69,921,300 1.02

2011 1-RESIDENTIAL 44,468,500 46,220,400 96.21

2-COMMERCIAL 396,800 399,900 99.22

4-AGRICULTURAL 801,600 796,300 100.67

6-SUM OF 5,6,7 21,829,100 26,108,100 83.61 NO Non-compliance

P-PERSONAL 564,200 564,200 100.00 notice

**T-TOTAL 68,060,200 74,088,900 91.86

2010 1-RESIDENTIAL 43,428,900 44,840,100 96.85

2-COMMERCIAL 279,300 281,900 99.08

4-AGRICULTURAL 800,600 823,500 97.22

6-SUM OF 5,6,7 21,876,500 26,367,800 82.97

P-PERSONAL 465,200 465,700 99.89

**T-TOTAL 66,850,500 72,779,000 91.85 NO 5,6,7

2009 1-RESIDENTIAL 43,019,400 46,748,700 92.02

2-COMMERCIAL 274,200 291,400 94.1

4-AGRICULTURAL 805,000 847,100 95.03

6-SUM OF 5,6,7 21,877,000 26,161,900 83.62 NO 5,6,7

P-PERSONAL 394,300 394,300 100

**T-TOTAL 66,369,900 74,443,400 89.15

2008 1-RESIDENTIAL 42,529,900 42,798,800 99.37

2-COMMERCIAL 274,200 300,400 91.28

4-AGRICULTURAL 801,300 830,700 96.46

6-SUM OF 5,6,7 22,001,600 25,445,200 86.47 NO 5,6,7

P-PERSONAL 395,000 400,000 98.75

**T-TOTAL 66,002,000 69,775,100 94.59

2007 Revaluation 1-RESIDENTIAL 41,790,600 41,855,500 99.84

2-COMMERCIAL 310,200 297,000 104.40

4-AGRICULTURAL 802,200 804,200 99.75

6-SUM OF 5,6,7 22,318,100 22,665,900 98.47

P-PERSONAL 381,000 381,000 1.00

**T-TOTAL 65,602,100 66,003,600 99.39 YES NONE

2006 1-RESIDENTIAL 32,483,900 39,622,400 81.98

2-COMMERCIAL 258,400 270,200 95.63

4-AGRICULTURAL 706,400 755,800 93.46

6-SUM OF 5,6,7 19,100,300 20,424,800 93.52

P-PERSONAL 339,300 377,000 90.00

**T-TOTAL 52,888,300 61,450,200 86.07 NO NONE

2005 1-RESIDENTIAL 30,616,900 33,484,300 91.44

2-COMMERCIAL 258,400 262,400 98.48

4-AGRICULTURAL 703,300 691,900 101.65

6-SUM OF 5,6,7 19,031,600 20,560,200 92.57

P-PERSONAL 364,500 364,500 100

**T-TOTAL 50,974,700 55,363,300 92.07 YES NONE

2004 1-RESIDENTIAL 29,600,500 29,848,000 99.17

2-COMMERCIAL 253,400 600,800 42.18

4-AGRICULTURAL 689,700 690,400 99.9

6-SUM OF 5,6,7 20,989,500 20,098,300 104.43

P-PERSONAL 304,600 291,500 104.49

**T-TOTAL 51,837,700 51,529,000 100.6 YES NONE

2003 Revaluation 1-RESIDENTIAL 28,214,800 29,204,900 96.61

2-COMMERCIAL 419,300 388,100 108.04

4-AGRICULTURAL 694,700 848,500 81.87

6-SUM OF 5,6,7 23,564,600 21,607,500 109.06

P-PERSONAL 272,800 151,100 180.54

**T-TOTAL 53,166,200 52,200,100 101.85 YES NONE

2002 1-RESIDENTIAL 16,169,000 26,562,600 60.87 1

2-COMMERCIAL 273,800 388,100 70.55

4-AGRICULTURAL 1,222,400 1,090,200 112.13

6-SUM OF 5,6,7 12,218,400 20,822,700 58.68 5-6-7

P-PERSONAL 143,800 191,800 74.97

**T-TOTAL 30,027,400 49,055,400 61.21 NO

2001 1-RESIDENTIAL 15,893,700 23,410,200 67.89 1

2-COMMERCIAL 273,800 382,200 71.64

4-AGRICULTURAL 1,228,700 1,837,600 66.86

6-SUM OF 5,6,7 12,194,300 16,206,400 75.24 5-6-7

P-PERSONAL 150,850 142,000 106.23

**T-TOTAL 29,741,350 41,978,400 70.85 NO

2000 Revaluation 1-RESIDENTIAL 15,285,400 22,426,200 68.16 1

2-COMMERCIAL 261,800 357,200 73.29

4-AGRICULTURAL 1,229,700 1,736,200 70.83

6-SUM OF 5,6,7 8,297,600 13,588,500 61.06 5-6-7

P-PERSONAL 142,000 142,000 100

**T-TOTAL 25,216,500 38,250,100 65.93 NO

***AGRICULTURAL CLASS OF PROPERTY IS NOT CONSIDERED A MAJOR CLASS PER STATUTE

IF property values were not increased in 2007, the assessment level would have been about 78%.

Property taxes are allocated by using the Equalized Value of the township. When the assessed and equalized are the same,

the tax rate or rate per thousand dollars of assessed value is reduced. Note:EFMV = Estimated Fair Market Value.

If you take your 2006 total assessed value and divide it by 78%, that would have been your EFMV for 2007

If your new 2007 assessment is close to your projected 2007 EFMV, there will be a minimal property tax impact.

Please note: the tax rate will not be determined until after all taxing bodies have set their budgets sometime in November 07

Example of a 2006 Assessment 135,100 2007 New assessment 171,500

property in the Divided by 78%

Township: 2007 EFMV 173,205 This property will see a reduction in property

(without revaluation) tax liability for 2007 because the new assessment

is LESS than the projected EFMV of 78%