TOWN OF CEDARBURG — The town of
Cedarburg will refund ATACO Steel Products Corporation $13,324.03
due to overpaid property taxes in 2017 and 2018.
ATACO Steel is a privately owned metal components manufacturer with
headquarters located in the town of Cedarburg, at 6809 Highway 60.
ATACO submitted a claim for recovery of taxes for 2017 and 2018 to
the state of Wisconsin, according to a memo to the Cedarburg Town
Board by Eric Ryer, assistant town administrator and clerk. Town
Administrator Tim Rhode said the state assesses all manufacturing
property and the local assessor does the residential and commercial
“We will refund them for the two years for the difference that the
state overtaxed them,” he said. “And we will put that on this year’s
tax roll. That will be absorbed by the other properties in the
In 2017, ATACO paid $38,918.40 in property taxes but as the result
of the settlement, it was determined that the correct property tax
is $32,232.09, resulting in an overpayment of $6,686.31. This is
based on the 2017 effective tax rate of 1.337047 percent and after
the $61.87 first dollar credit, according to the memo.
In 2018, the corporation paid $38,638.32 but it was settled that the
correct property tax is $32,000.60, which means ATACO overpaid in
the amount of $6,637.72. This is based on the 2018 effective rate of
1.379631 percent and after the $63.08 first dollar credit, according
to the memo.
“The stipulated full value assessment for both years as reached in
the settlement with the Wisconsin Department of Revenue is
$2,500,000,” Ryer said in the memo.
Rhode said this is not a major thing for the town, adding this can
happen every couple of years to a property.
“We will recoup all of our money next year when the tax bills come
out,” he said.
Rhode said that the reason the town is refunding the money is
because they are the ones that collect the taxes.