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Property values across state increase for second year

A home stands for sale Thursday, Aug. 13 in the 2200 block of E. Bradford Ave. in Milwaukee. (Staff photo by Kevin Harnack)

A home stands for sale Thursday in the 2200 block of E. Bradford Ave. in Milwaukee. Property values statewide have risen for the second year in a row, increasing 2.4 percent in 2015. (Staff photo by Kevin Harnack)

MADISON, Wis. (AP) — The Wisconsin Taxpayers Alliance says property values statewide have risen for a second year.

The report released Wednesday shows values of all taxable property increased 2.4 percent in 2015. Values went up 2.6 percent in 2014 after five years of decline.

The Taxpayers Alliance says the total value of property at just under $491 billion is still about $25 billion below the 2008 peak.

Of the state’s 20 largest cities, Beloit had the largest growth at 5.9 percent followed by Kenosha at 5.2 percent. The next highest were Eau Claire at 4.5 percent followed by Madison at 4.3 percent and La Crosse at 3.6 percent.

In Milwaukee, the state’s largest city, property values fell 0.6 percent.

The report is based on preliminary data released by the state Department of Revenue.

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