APPLETON -- In the Fox Valley, homeowners are living in more valuable homes now than they were five years ago.
A state-mandated re-valuation of 20,000 homes in the Appleton area shows home values are appreciating by an average of 20%. The last round of assessments for residential property was done in 2014.
"It's great news when it comes to being a homeowner,” said Appleton City Assessor Deann Brosman. “Your house is appreciating. As a matter of fact, it appreciated by about 7% in 2018 alone. So, this is great news for homeowners. On the tax side, though, we do have to reflect it on your tax bill."
The assessment project showed homes priced between $100,000 and $300,000 were appreciating faster than other homes. Because the total value of the city increased 15%, homeowners whose homes increased more than that will likely see a tax increase in December.