The assessed values in the City of Neenah are significantly lower than market values based on recent sales. The City’s current assessment to sale ratio is 86.8%. State law requires cities to assess real estate to +/- 10% of market value at least once in every 5-year period. When the ratio exceeds those margins, a revaluation is required.

An analysis of recent home sales has shown there are geographic inequities due to sale prices rising at different rates for different types of homes. Starter homes, rentals, and new construction homes have shown the largest increase in values while the higher-end homes have not seen as dramatic of an increase. It is important all properties are assessed consistently with the market in order to have uniform values, which results in ensuring everyone is paying their fair share of taxes — not too much or too little.