State Equalized Property Values Rise Four-Percent

The value of all taxable property in Wisconsin rose by four-percent last year. The Revenue Department said Tuesday that the state’s total equalized value is 526-billion dollars as of January first. Close to two thirds of that represents home values, which rose for a fourth straight year with an increase of four-point-three percent. In a separate report, the Wisconsin Taxpayers Alliance said the total equalized value is at an all time high, and the year to year increase is the biggest since 2007 just before the Great Recession began. However, the tax alliance says property values have not recovered from their prerecession levels in 29 of the state’s 72 counties — mostly in southeast and central regions. Eighteen counties had jumps of ten-percent or more in that same time period.