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- After a decade of modest increases, property taxes in Wisconsin have risen more rapidly the past two years. Factors contributing to the growth include voter-approved school referenda, increases in state revenue limits on schools, and greater levies by municipalities and counties to make debt payments.
wispolicyforum.org/research/whats-driving-property-tax-increases/Wisconsin Policy Forum | What’s Driving Property Tax Increases?
In 2020-21, gross K-12 property taxes totaled $5.38 billion, an increase of $170.3 million (3.3%) from the previous year. That increase was largely (but not entirely) due to voters choosing to exceed state revenue limits through referenda.
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.
Oct 7, 2020 · Wisconsin’s gross property tax levies saw their largest percentage increase in more than a decade on last December’s bills, though robust growth in property values caused tax rates to decrease statewide for the sixth straight year, the nonpartisan Wisconsin Policy Forum has found.
Aug 7, 2021 · For 2020-2021 property taxes that were billed in December 2020 and paid into 2021, state Department of Revenue data shows the gross statewide levy was $12.02 billion, an increase of 3.4% over the previous year. That followed a 3.7% rise the previous year, with both years outpacing inflation and marking the two largest increases since 2009-2010.
gross property tax bills will climb by the largest amount since the Great Recession. State tax credits will help hold down the net tax that property owners actually pay, but the rise in levies highlights the impact of inflation on taxpayers and school districts.
Dec 12, 2023 · Overall property taxes in Wisconsin are expected to climb by the largest amount since 2007, despite increased state funding for local governments. That’s according to a new report from the Wisconsin Policy Forum.
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Dec 19, 2019 · A new report from the Wisconsin Policy Forum looked at data from the state Department of Revenue and it found school districts across the state are levying $5.21 billion in property taxes this year. That’s a 4.5 percent increase from last year and the largest year-over-year increase since 2009.
