Record challenges to 2020 assessments now headed to court. By Jeramey Jannene - Mar 15th, 2021 07:20 pm //end headline wrapper ?>BMO Tower at 790 N. Water St. Photo by Jeramey Jannene.
Milwaukee’s 2020 assessment process generated a record number of appeals. So many that the city suspended the process for 2021.
Almost a year later, a record dollar value of challenges remains. The Common Council’s Judiciary & Legislation Committee recommended Monday to allow 94 unresolved claims, representing $876 million in city-assessed value, to go to court.
The city received 5,592 appeals in 2020. The overwhelming majority of claims came from single-family homeowners representing themselves and arguing over changes that would result in a property tax bill changing by a few hundred dollars. The Assessor’s Office and Board of Review resolved those claims, either adjusting the assessed values or denying the claim.
Plus: A rundown of the week s real estate news. By Jeramey Jannene - Jan 17th, 2021 03:13 pm //end headline wrapper ?>Development site owned by Marquette University (700 Lofts at left). Photo by Jeramey Jannene.
In 2012, an Urban Milwaukee article described how two new apartment buildings would bring activity to two dead zones at the edge of Downtown.
One of those complexes, the 700 Lofts, was proposed for a pair of underutilized buildings at the corner of W. Michigan St. and N. James Lovell St. Bear Development completed the 49-unit, affordable housing project in the ensuing years.
But the dead zone didn’t disappear, largely because a multi-block project proposed across the street by Marquette University didn’t move forward.
Marriott and Springhill Suites win settlement. And council debates assessments. By Jeramey Jannene - Jan 11th, 2021 06:06 pm //end headline wrapper ?>SpringHill Suites and Milwaukee Marriott Downtown. Photos by Mariiana Tzotcheva
The owners of two downtown hotels will receive $558,044.35 as part of a settlement regarding property tax assessments.
The Common Council’s Judiciary & Legislation Committee approved a settlement Monday with investment groups affiliated with Jackson Street Management, the developer of the Milwaukee Marriott Downtown, 625 N. Milwaukee St., and SpringHill Suites, 744 N. Vel R. Phillips Ave.
In pending lawsuits, the two investment groups were seeking a property tax refund of $2.4 million plus interest and costs. City Attorney