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4.7%
- The organization's report says gross local property taxes will go up 4.7%.
Wisconsin’s counties will increase their gross property tax levies by $63.5 million in 2023, a 2.6% increase from $2.46 billion to $2.52 billion. That is somewhat less than last year’s 3.2% increase and well below the rate of inflation for 2023.
The 5.4% increase is the largest since 2009, and will bring gross statewide K-12 property taxes to $5.77 billion (see Figure 1). The actual increase on the net tax bills going to taxpayers will be much less, however, because the state budget increased two state tax credits that lower the net amount owed by homeowners and businesses.
Dec 13, 2023 · According to a nonpartisan report by the Wisconsin Policy Forum, property taxes in Wisconsin are projected to see their largest increase since 2007, with a 4.7% jump.
- Ken Kosirowski
Dec 12, 2023 · That's according to a new report from the Wisconsin Policy Forum, which analyzed preliminary figures from the state Department of Revenue to project a 4.7% increase in gross property taxes as...
- Jessie Opoien
- State Politics Reporter
Sep 6, 2024 · Property tax levies increased by 4.6 percent statewide, almost double the previous year’s increase and exceeded the 4.1 percent inflation rate in 2023, according to the Policy Forum’s newest annual analysis of property taxes.
Statewide Property Taxes on the Rise. For 2020-21 property taxes that were billed in December 2020 and paid into 2021, state Department of Revenue (DOR) data show the gross statewide levy was $12.02 billion, an increase of 3.4% over the previous year.
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Dec 13, 2023 · For example, Wisconsin’s counties will increase their gross property taxes by 2.6 percent this year. Last year, they increased property taxes by 3.2 percent, the report said. The state Legislative Fiscal Bureau projects municipal property taxes will rise by 3.4 percent.
