Dane County and Madison’s property taxes are rising faster than the rest of the state’s, according to a Wisconsin Policy Forum analysis of state tax data.
The Cap Times reports a countywide tax levy grew 5.7% to about $1.9 billion last year, with Madison’s portion growing 5.1% to $894 million. Tax levies are one factor in how individual property taxes are determined.
Statewide, tax levies increase by 4.2%. This smaller rate increase is a trend for the rest of the state.
Madison’s property taxes grew by 11% to $318 million. Taxes for the Madison Metropolitan School District increased by 2.1% to $402 million.
Voters in Madison approved three property tax referendums in November last year, one for the city’s operating budget, and two for the school district’s operating and facilities budgets, resulting in higher levies.
