December 17, 2008

Good News for Property Owners in Fontana

Posted to Bob Webster, Geneva Lake Area

Fontana Wisconsin property owners will be opening their Christmas present from the Village of Fontana this month, also known as their annual tax bill, and in many cases will be in for a pleasant surprise. Many owners were very concerned after the revaluation process that took place last fall when they received notification of their property assessments being substantially increased. Increases of 50% or more were not uncommon and the concern was it would equate to a substantial increase in their real estate taxes. To further complicate the issue, they were being told at the time by the Assessor and representatives from the Village that there would “most likely” be a reduction in the Mill Rate, but as that figure had not been determined and was not officially available, there was a fair amount of concern and skepticism. Well, the good news is that the Mill Rate did in fact go down, to just over $12 per thousand of assessed value and many owners will see little or no increase in the actual real estate taxes. I live in Fontana and in my case, even though my assessment did go up my actual taxes went down slightly. So even though no one likes the idea of having to pay taxes, the news is much better than many people expected.

For information on property for sale in the Fontana area, contact Bob Webster of Keefe Real Estate or visit www.LakeGenevaProperty.com to search for real estate in the Lake Geneva Area. Call Bob Webster at 262-348-3233 or 800-364-7579.

Posted By: Bob Webster

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