Legislative Fiscal Bureau: Property taxes on typical Wisconsin home to decrease $1 this year
MADISON — Property taxes on the typical Wisconsin home are projected to decrease $1 on bills mailed this December and $2 next year.
The nonpartisan Legislative Fiscal Bureau released a new estimate Monday, July 27th on property taxes for a home valued at just over $154,000 based on the state budget recently signed by Gov. Scott Walker.
Walker’s original budget proposal would have resulted in a $10 decrease in property taxes over the two years. But after changes made by the Legislature, and using updated tax figures, the new estimate projects property taxes to decline just $3 over the next two years.
The estimate looks at the state as a whole, but individual tax bills will vary based on a variety of factors including value of the home and local tax levels.