WHEELERweek – Property Taxes

 

As published by The Wheeler Report – Thursday, August 17, 2006 …

WISTAX REPORT: 05-06 NEW PROPERTY TAX INCREASE SMALLEST IN NINE YEARS

Last year’s 2.3% increase in net property taxes was the smallest gain in nine years, the Wisconsin Taxpayers Alliance reported Thursday. The total of all property tax levies, less that the state’s school levy credit, was $7.86 billion. The report credited a “large infusion of state school aid” for keeping the increase down.

Continuing increases in property values contributed to a drop in property tax rates, the report said. The average net tax rate was $18.36 per $1,000 in property value last year, down from $19.64 in 2004-05. The report said since 1996-97, when the state began providing two-thirds of school revenues, the average net has fallen nearly 19%.

And Today …

PROPERTY TAXES ESTIMATED TO RISE 1.8% STATEWIDE THIS YEAR

According to the Wisconsin Taxpayers Alliance, property taxes in Wisconsin are projected to rise 1.8% this year. Taxes levied by K-12 schools, counties, municipalities, and technical colleges total roughly $11 billion, according to WISTAX estimates. “After roughly $1.1 billion in state credits are applied, net property taxes will rise an estimated 1.1%, to $9.9 billion statewide,” the report says. According to the report:

  • K-12 school taxes: 45% of the tax bill, increased 1.8% (Previous year was 0.1% increase, 2015-16 was 2.0% increase)
    • School Districts: Of the 422 school districts, 263 increased taxes and 159 reduced them. Of those increased, 27 were 10% or more, 81 increased by 5% or more.
  • Counties: 20% of tax bill, raised levies by 3.0% (Previous year was 2.2%)
    • Counties: Five raised levies by more than 10%, 12 increased by more than 5%.
  • Municipalities: WISTAX estimates an increase of 3.5% (Previous year was 3.1%).
  • The total tax levy for all cities, villages, and towns would be almost $2.85 billion, or 20% of total tax bills.
  • Technical Colleges: 4% of the tax bill, rose 3.0%. Technical college levies have declined almost 50% since 2015 when the state provided $406 million to buy down and impose revenue limits on districts.
  • The State of Wisconsin eliminated the state portion of the property tax during the 2017-19 budget when it eliminated the Forestry Mill Tax and replaced it with GPR.
  • Counties: