| - Interim Market Update 2025 FAQs |
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| - Notice of New Value Mailed |
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As owners receive their 2025 Assessment notices, please keep the following in mind. An increase in assessed value does not necessarily mean an increase in your property taxes. The average residential home assessment increase is 57.12% and the overall assessment increase for the Town is 49.18%. If the levies for all the taxing jurisdictions were held unchanged, your taxes would likely increase if your assessed value increased more than the Town-wide average but it would decrease if your assessment increased less than the Town-wide average. However, please keep in mind your tax bill is calculated based on a combination of your assessed value and a pro rata share of the levies placed not only by the Town, but also the County, your local school district and Fox Valley Technical College. At this point in time, we do not know the levies of any of the taxing jurisdictions so cannot estimate what your 2025 tax bill will be.
For those owners with escrow accounts, mortgage companies typically escrow based on the previous year’s taxes. If your 2025 tax bill (collectible 2026) is more than the balance in your escrow account, the owner may need to make up the shortfall. Escrow companies will recalculate escrows after the tax season and notify owners the new monthly escrow amount in preparation for next year’s 2026 bill. Contact your escrow company or loan servicer if you want to learn more.
For questions on your assessment, please visit Accurate Assessor – Municipal Assessors |
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| - Seeking Alternate Board of Review Members - Apply Now - Deadline July 18th |
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See Boards and Commissions >>Vacancies for more details about serving as an alternate Board of Review member and how to apply to be considered for appointment. |
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