Madison Taxpayers Seek Answers 

Taxes will be the focus of debate in madison Monday night. Some residents are questioning the way their properties were assessed this year. Madison taxpayers were notified by town officials in August about a tax increase that may affect them. That notice relayed that taxes on buildings are up six percent, rural land values — up by ten percent and lakefront property are up by 20-percent. It’s because of those higher valuations that residents will see higher taxes, but some are questioning the increase.TV5 spoke with the Madison tax assessor who says the states 2008 property valuations did not accurately reflect sale prices and without this year’s adjustments, the board would not be able to keep its targeted ratio of 1-hundred percent, which is the goal. There is a public meeting set for 6 o’clock Monday at the former old point avenue school.