According to research from the Wisconsin Policy Forum, Wisconsin’s total property values grew by a record 13.8% in 2022, the biggest annual increase in decades. The gross property tax levies approved in late 2021 for the 2022 budgets increased by only 1.6% statewide, far less than the rate of inflation and the smallest increase since 2014. The statewide gross property tax rate fell 4.9%, the largest drop since 2005.
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