State Ex Rel. Enterprise Realty Co. v. Swiderski

Sec. 70.32 (1), Stats., declares that real property shall be valued at the full value which could ordinarily be obtained therefor at private sale. Neither party disputes the effect of this statute. Their dispute is over the question of whether such true value on May 1, 1953, is $525,000, the purchase price on July 1, 1951, plus $135,577.10, or whether it is $763,000, as found by the assessor.

It is established that the assessor’s valuation must be taken as presumptively correct in proceedings attacking the assessment. State ex rel. Hennessey v. Milwaukee (1942), 241 Wis. 548, 550, 6 N. W. (2d)…