Section VA 12.05 - Real estate valuation(1) GENERAL. The department may accept the current equalized assessed full market value or fair market value as stated on the prior year's property tax statement as the value of the property for all purposes.(2)APPRAISALS. If an applicant wishes to provide a property appraisal, the appraiser must be licensed by the state of Wisconsin.(3)USE OF APPRAISALS. If the applicant submits an appraisal the appraisal is advisory only. The department may consider age of the appraisal, equity established by the appraisal, condition of the property or market value established by the appraisal in evaluating the appraisal submitted. The department may determine the value of properties for its purposes by means of property inspection by department representatives, by obtaining appraisal reports at its own expense, or by such other means as it may deem practical.Wis. Admin. Code Department of Veterans Affairs VA 12.05
Cr. Register, April, 1998, No. 508, eff. 5-1-98; CR 05-008: am. (2) Register May 2005 No. 593, eff. 6-1-05; correction in (2) made under s. 13.92(4) (b) 6, Stats., Register February 2012 No. 674; 2013 Wis. Act 189: am. (2) Register April 2014 No. 700, eff. 5-1-14.