Definition
Manufacturing personal propertyManufacturing personal property is assessed by the Wisconsin Department of Revenue. It represents about 1% of the total assessed value of the city. is assessed by the Wisconsin Department of Revenue. It represents about 1% of the total assessed valueAn estimate of value assigned to taxable property by the assessor for purposes of property taxation. State law requires all assessments periodically be within 10% of market value. Assessed values most closely reflect market value following a revaluation. In non-revaluation years, assessments typically reflect a fraction of market value due to the changing real estate market. of the city.