MADISON, Wis. (AP) — Property taxes on the owner of a median-valued home are projected to increase under Gov. Tony Evers’ budget proposal, but not as much as they would under current law.
The nonpartisan Legislative Fiscal Bureau released its estimate for property taxes on Tuesday.
Under Evers’ budget proposal, property taxes are projected to go up 2 percent in 2019 and 1.6 percent in 2020. That is about half a percentage point less for each year than taxes would go up under current law.
Evers’ budget is expected to undergo significant change in the Legislature, and those modifications will also most likely to affect property taxes.
But as proposed, under the Evers budget, property taxes on a median-valued home would go up $56 the first year and $48 the second. A median-valued home is about $174,000 this year and $179,000 next year.