How are agricultural properties assessed in Wisconsin?

Agricultural properties in Wisconsin are assessed primarily based on their productivity and income potential. This method considers the ability of the land to generate income through agricultural practices, which reflects its actual use and profitability rather than just market value or conditions in urban areas.

The assessment process takes into account factors such as crop yield, the type of agricultural activities conducted, and other relevant income indicators. This approach aims to ensure that assessments reflect the unique nature of agricultural land and its value derived from productivity, rather than fluctuating market conditions which may not accurately represent the land's true potential in an agricultural context.

Focusing on income potential allows for a more equitable assessment for farmers and landowners involved in agriculture, aligning the property values with what the land can actually produce, thus providing a fair representation of agricultural land in the tax system.