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Slight property tax increase projected under Walker’s budget plan

MADISON, Wis. (AP) — A new projection shows that property taxes statewide would increase slightly over the next two years under Gov. Scott Walker’s budget.

The Legislative Fiscal Bureau analysis released Friday projected a 0.8 percent tax bill increase on the bills that arrive in December and a 0.4 percent increase in 2012. Those estimates are based on a median valued home of around $158,000.

The tax bill increase would be $23 this year and $13 next year.

The nonpartisan bureau cautions those are statewide estimates that would vary widely based on local circumstances.

Walker attempts to hold property tax increases in check with his budget proposal that largely prevents local taxing authorities from raising property taxes to cover cuts in aid.

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