NEW LONDON, WI – City leaders in New London are looking ahead to 2026 with a focus on residential growth, downtown revitalization, and a required citywide property revaluation that could reshape how property taxes are distributed.
City Administrator Chad Hoerth says several housing projects are moving forward, signaling continued residential expansion. Among them is the anticipated Irish Meadow development, which could bring 20 new single-family homes to the community. In addition, projects like SCS Wolf River are expected to add residents near the downtown district, increasing foot traffic and creating new retail opportunities.
While interest in commercial retail development remains steady, Hoerth notes the city faces challenges attracting manufacturing businesses due to limited available industrial space. He says economic development decisions made in 2026 will play an important role in shaping the city’s long-term growth and tax base.
At the same time, all properties within the City of New London will undergo a full revaluation in 2026, the first since 2017. The reassessment is required because property values have fallen out of compliance with state standards, with residential properties currently assessed well below market value.
Assessor Adam Servi says property owners will receive letters by the end of February outlining the revaluation timeline. Updated property values are expected to be sent out by late August, with final determinations made in October. Officials emphasize that a revaluation does not automatically increase the city’s overall tax levy but instead redistributes the tax burden more fairly based on current market conditions. The updated property values will affect tax bills issued at the end of 2026.
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