According to the Wisconsin Policy Forum, total equalized property values in Dane County grew by 8.4% in 2024, exceeding the state average but below the county’s prior year increase of 11.6%.
Dane County residential property values grew 8.8%, a robust increase but a slowdown from the double-digit increases in 2022 (14.5%) and 2023 (12.4%). In commercial property values, Dane County bucked the statewide trend with an 11.8% increase, following a 10.8% rise in 2022 and a record 19.1% increase in 2022.
Countywide, the gross tax levy from all local units of government grew by 7.8%, outpacing the statewide average and amounting to the largest increase in the county since at least 2008. The total levy growth within the city of Madison was 6.4%, which was larger than the statewide average and also the largest increase the city has seen since at least 2008.
Total equalized property values in the city of Madison increased 8.0%, a slight decline from its 10.5% growth in 2023 but still higher than the state average.
