Property taxes will be higher this year, despite local governments having a lot more money.
That’s according to a new a report from the Wisconsin Policy Forum, that says property taxes are expected to jump about 4-point-7 percent across the state. It also says that will be ‘cushioned’ by two state tax credits. The new state budget added just over 250 million to the school tax levy credit, and boosted the lottery tax credit by 16 million. Those two tax credits mean the nearly five percent property tax increase most people will see on their new bills will be closer to two or three percent.
