Wisconsin Appeals Court Rejects Madison City’s Appeal, Upholds Taxpayer’s Excessive Valuation Decision

The Wisconsin Court of Appeals affirmed the circuit court’s judgment in favor of taxpayer in an excessive property tax assessment dispute. Taxpayer challenged the City of Madison’s $1,081,100 assessment of his residential property, arguing it was excessive based on comparable sales analysis that properly accounted for location differences between neighborhoods. The court found the taxpayer rebutted the presumption of correctness by demonstrating that the City failed to properly account for location as a key valuation component in its assessment, crediting the taxpayer’s comparative sales approach that adjusted for location differences between neighborhoods. [Matthews v. City of Madison, Wis. Ct. App., ...