Agricultural Forest and Undeveloped Land Valuation

Sec. 70.32, Wis. Stats.

  1. How should an assessor value lands qualifying for the Agricultural Forest and Undeveloped land classification?

  2. What does the term "full value" mean in state law (sec.70.32(4), Wis. Stats.)?

  3. Should assessors adjust the values to 50 percent annually or should they make the adjustment when it occurs and again during a revaluation?

  4. Since assessors generally do not determine assessments less than $100 increments and most computer systems do not accept less than $100 class entries, should the current $100 assessment on the one-acre of Right-of-way (Class 5) remain $100?

  5. Does the equalized value include the Agricultural Forest Land and Undeveloped Land at 50 percent of market value?


FOR QUESTIONS OR COMMENTS CONTACT:

MS 6-97
WISCONSIN DEPARTMENT OF REVENUE
Division of State and Local Finance
Equalization Bureau
PO Box 8971
Madison, WI 53708-8971
Fax: (608) 264-6897