Should assessors adjust the values to 50% annually or should they make the adjustment once and then again when a revaluation occurs?
Valuation adjustments for classification changes are to be made beginning with the 2004 assessment. Generally speaking valuation changes in succeeding years will be made as the need for revaluation arises. Assessors are reminded of the sec. 70.05, Wis. Stats., which specifies compliance. The undeveloped and agricultural forest values are combined with forest and “other — agricultural home sites and improvements” values as one class for compliance purposes.
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