MADISON, Wis. (AP) — A new report shows that taxes paid by Wisconsin residents as a share of personal income have fallen by more than two percentage points in the past 20 years.
The Wisconsin Policy Forum report released Thursday shows that the drop in Wisconsin is one of the largest in the country. However, the state still ranks 19th highest in taxes, according to U.S. Census data for 2017. That is the most recent year available.
That is down from seventh highest in 1997. That year taxes accounted for 12.4% of personal income.
In 2017, taxes accounted for 10.3% of Wisconsin residents’ income. That was up slightly from 10.2% the year before.
Property tax levies by municipalities, schools, counties, and other local governments were the single largest tax in the state in 2017, coming in at 3.5% of personal income. The next highest was the individual income tax, at 2.8%, followed by sales taxes, at 2% of personal income.