Gross K-12 property taxes in Wisconsin are expected to rise by the largest amount since 2009; achievement?
Wisconsin public policy, forum:
The rise in gross levies this year is driven primarily by increases to K-12 property taxes — the largest local property tax most residents will pay. The $325 increase to per pupil revenue limits in the current state budget is one factor, but so was the willingness of many referendum voters to accept higher property taxes to fund their public schools.
Abbey Machtig summary:
The Madison School District’s $607 million pair of referendums — the largest school funding request put to voters in 2024 — are contributing to the growth. District officials estimate school property taxes will increase by $41 on this year’s bill, and by $1,370 by 2028, for owners of an average Madison home.
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no mention of the rapid increase in our tax base which should lead to lower taxes overall for some period of time….
Locally assessed real estate increased 9.3% for 2024. Commercial assessments increased 10.5% ($15,584 to $17,223 million) and residential assessments increased 8.5% ($25,826 to $28,021 million). Steady growth and continued development contributed to the increase
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