Sunday, December 19, 2010

Statewide, School Portion of Property Taxes Rises 3.4%

In a report by the Wisconsin State Journal, the school portion of property taxes increased 3.4 percent this year. This represents the smallest change since taxes dropped a half a percentage point in 2006.

The average school tax rate is $9.11 for every $1,000 in property value. That is up 55 cents from last year.
The report says part of the reason for the increase is a 3 percent drop in the value of property taxed.
Nearly $4.7 billion was levied in taxes by school districts this year. That is 1.6 percent below the maximum that could have been sought under the law.