On Monday at its regular board meeting, the Chippewa Valley Technical College District Board approved the tax rate for the 2025-2026 fiscal year. CVTC district residents will see a slight reduction in the tax rate of less than 64 cents per $1,000 of valuation for the 2025-2026 fiscal year, down from 65 cents in 2024-2025. This reduced rate is attributed to the increase in new construction and property values.
Caleb Cornelius, CVTC vice president of administration and chief strategy officer, said new construction in the CVTC district, which includes 11 counties, increased by 1.76 percent, and overall property values increased by nearly 8.94 percent.
However, the College’s proposed tax levy is set to increase by 4.99 percent from the 2024-2025 fiscal year. Cornelius said continual increases in costs to the College, including debt service costs, are the reason.
The District Board approved the levy increase of $1,392,162 at the meeting. The approved tax levy for fiscal year 2024-2025 was set at $27,914,925 and is set to increase to $29,307,087.
With the reduced tax rate — the rate property taxpayers would pay per $1,000 in valuation – a person with a $150,000 home will pay $95.82 in property taxes for the year to support the technical college.
The CVTC board is required to certify its levy by November 1 each year.
