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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?
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.
- What’s Driving Property Tax Increases?
After a decade of modest increases, property taxes in...
- What’s Driving Property Tax Increases?
- Statewide Property Taxes on The Rise
- K-12 Districts Drive Growth in Levies
- Municipalities and Counties Also See Increases
- Policy Considerations
- Conclusion
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. That followed a 3.7% rise the previous year, with both years outpacing inflation and marking the two largest increases since 2009-10 (se...
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. In Wisconsin, revenue limits cap how much K-12 school districts can collect per pupil through combined local p...
In general, municipalities and counties in Wisconsin face tight property tax limits and can only raise taxes for operations by the percentage increase in property values due to net new construction within their boundaries. The average rate of net new construction across the state has not exceeded 1.7% since 2008 and went as low 0.7% in 2011 and 201...
Over the past decade, state leaders have kept tight limits on local government and school district property taxes, leaving local leaders to turn to exceptions in the law such as voter referenda and debt to cover their rising costs. While increasing at a faster pace over the last two years, property taxes have remained mostly in check and the state ...
State limits on local tax levies have substantially reduced the property tax burden in Wisconsin, which was the primary objective of lawmakers who adopted municipal and county limits in 2005 and who have maintained strict revenue limits for school districts in recent years. The new state budget’s freeze on school district revenue limits and continu...
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.
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
Sep 4, 2024 · Aggregate property tax levies rose 2.7% in the seven-county southeast Wisconsin region. This trailed the state average and inflation but exceeded the region’s increases in 2021 (1.0%) and 2022 (1.7%).
Sep 8, 2024 · The 4.6% increase in statewide gross property tax levies — which appears on December 2023 tax bills, and provides revenue for 2024 local budgets — was nearly double the previous year’s increase.
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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.
