Board of Review

7725 W. North Avenue Wauwatosa, WI Wauwatosa, WI 53213 Board of Review Meeting Minutes Tuesday, May 14, 2024 8:30 AM Common Council Chambers CALL TO ORDER Chairperson Pam Stokke-Ceci called the meeting to order at 8:42 AM. ROLL CALL Present 3 Member, Chair Pamela Stokke-Ceci Member Rosemary Fox Member Roger Walsh Excused 1 Member Kathy Ehley OBJECTION HEARING 1. Tax Key: #330-0622-000, Address: 2479 N 66th St, Owner: Margaret J 24-0732 Schoenecker Objector Information Owner: Margaret J. Schoenecker Property Address: 2479 N. 66th St. Current Assessment Land: $71,900 Current Assessment Improvements: $191,800 Current Assessment Total: $263,700 Objector Margaret Schoenecker and City Appraiser Bart Taylor were both sworn in . Objector Testimony Ms. Schoenecker testified that the assessment was based solely on the MLS listing information when the house was to be sold in August of 2023. The exaggerated changes and improvements to the home were not done. The seller did not answer the survey nor did they allow an assessor to enter the property . The hardwood floors that the seller reported were done were not done . The house is an ugly teal color and there was Creeping Charlie all over the yard, so there was not much curb appeal . Ms. Schoenecker provided a comparable sale of a home a half-mile away, also on Wright St ., and larger, and it sold for $375,000 about 6 months prior, which was less than what she paid . She also provided pictures of holes in her hard wood floors that showed they were not finished, as well as pictures of the state of the home including the bathroom. She feels the assessment should remain at $231,200. Appraiser Taylor asked about a recent appraisal. An appraisal was done when she first purchased for $412,000. Assessor Testimony Appraiser Taylor provided 9 exhibits. 1. Exhibit 1: Sales grid showing the subject property and 3 comparable sales that occurred last year, each adjusted for significant differences between that property and the subject property . Page 1 of 3 Board of Review Meeting Minutes May 14, 2024 2. Exhibit 2: Sale review letter and sale validation questionnaire sent to the property owner . Completed and sent in September 2023, approximately one month after the sale . 3. Exhibit 3: MLS listing report that was found for this property for this sale, which includes the sale price, closing date, and listing price. The property was originally listed for $349,900, on the market for three days, and final sale price was $408,000, closing August 18, 2023. 4. Exhibit 4: Real Estate Condition Report. On the 3rd page, the seller answered Yes to the question, "Are you aware that remodeling was done that may increase the property's assessed value?". On the following page, the explanation is, "The kitchen was updated in April 2020". So the seller acknowledged they remodeled the kitchen. 5. Exhibit 5: Objection form indicates an appraisal was completed as part of the sale process for a value of $412,000. The appraisal was done by an independent appraiser. 6. Exhibit 6: Email exchange between the City Clerk and the property owner, indicating confusion by the property owner as to who was responsible for completing the questionnaire that was sent out in September 2023. 7. Exhibit 7: Wis. Stat. 70.32, describing the statutory responsibilities of the Assessor on how to value property. Due to not receiving the questionnaire, an exterior review was done in October 2023 . Together with other information from MLS, a doomage assessment was placed on the property . A phone discussion was had with the property owner and the property owner's mother on April 30 . Mr. Taylor offered to provide an interior inspection, but that was rejected. 8: Exhibit 8: Market value definitions from the Wisconsin Property Assessors Manual . 9. Exhibit 9: An excerpt from the Markarian vs. Cudahy case, explaining the Markarian Hierarchy. Mr. Taylor expalined all of the processes the Assessors Office used, in accordance with the Markarian Hierarchy, to come up with the value. It is the opinion of the Assessor, based on the evidence provided, that the 2024 assessment of the property, in the amount of $263,700, is correct. Motion includes: Exercising its judgement and discretion, pursuant to Wis . State. 70.47(9), the Board of Review by majority and roll call vote hereby determines that the Assessor's value is correct based on the evidence provided. RESULT: DENIED MOVER: Roger Walsh SECONDER: Rosemary Fox Aye: 3 Stokke-Ceci, Fox, and Walsh Excused: 1 Ehley CONSIDERATION OF WAIVER OF BOR HEARING 1. Tax Key: #297-9995-004, Address: 12000 W Burleigh St, Owner: 24-0722 Lowes Home Centers Inc RESULT: HELD 2. Tax Key: #335-9998-021, Address: 2500 N Mayfair Rd, Owner: 24-0723 Mayfair Mall LLC C/O Brookfield Properties Retail RESULT: HELD 3. Tax Key: #411-9976-007, Address: 201 N Mayfair Rd, Owner: 24-0725 Ascension SE Wisconsin Hospital Inc RESULT: HELD CONSIDERATION OF COMPLIANCE WITH INCOME AND EXPENSE INFORMATION REQUESTS Page 2 of 3 Board of Review Meeting Minutes May 14, 2024 1. Tax Key: #299-9988-000, Address: 2851 & 2857 N Mayfair Rd, 24-0724 Owner: Mayfair III LLC RESULT: APPROVED MOVER: Roger Walsh SECONDER: Rosemary Fox CONSIDERATION OF ANY STIPULATIONS OF ADJUSTMENT OF ASSESSED VALUE PURSUANT TO WIS. STATE §70.47(10) NOT PREVIOUSLY AGENDIZED BEFORE THE BOARD 1. Tax Key: #384-0025-003, Address: 6400 River Parkway, Owner: River 24-0721 Parkway Apartments Phase II LLC RESULT: APPROVED MOVER: Roger Walsh SECONDER: Rosemary Fox CONSIDERATION OF SUBPOENA REQUESTS 1. Tax Key: #411-9976-007, Address: 201 N Mayfair Rd, Owner: 24-0726 Ascension SE Wisconsin Hospital Inc RESULT: APPROVED MOVER: Rosemary Fox SECONDER: Roger Walsh 2. Tax Key: #335-9998-021, Address: 2500 N Mayfair Rd, Owner: 24-0727 Mayfair Mall LLC C/O Brookfield Properties Retail RESULT: APPROVED MOVER: Rosemary Fox SECONDER: Roger Walsh CONSIDERATION OF REQUEST FOR EXTRAORDINARY CIRCUMSTANCE DETERMINATIONS OTHER ITEMS 1. Action on any other legally allowed/required Board of Review matters 24-0733 RESULT: NO ACTION TAKEN 2. Schedule of future BOR dates 24-0734 Next meeting will be July 10, 2024, 9:00 AM. RESULT: NO ACTION TAKEN ADJOURNMENT The meeting adjourned at 9:26 AM. Next meeting will be July 10, at 9 AM. Page 3 of 3