Why did Lisbon do a revaluation of my property?
State law requires Lisbon to assess each property within 10% of FULL MARKET VALUE at least every 5 years. The last Town-wide revaluation was in 2013 during an economic decline & property values have increased dramatically since then.
Are my taxes going up?
Not necessarily. The purpose of revaluation is to distribute the tax burden fairly & equally, NOT to raise taxes. The budget process begins later in the year for all taxing entities (schools, state, county & town), so it is impossible to know at this point.
FOR MORE INFORMATION, PLEASE CONTACT GROTA APPRAISALS AT (262)253-1142 OR VISIT THE ASSESSOR'S INFO PAGE.