A report from the Wisconsin Taxpayers Alliance shows Wisconsin property values falling for the fifth straight year, which is unprecedented since World War II.
The full-market, or equalized, value of taxable property in the state fell 0.8% to $467.5 billion from 2012-13. Of the state’s 72 counties, 45 saw values decline. The largest declines were in Menominee County (-6.9%), Adams (-5%), Lincoln (-4.9%), Racine (-4.8%), and Vilas (-4.7%). Dane County’s property values were up 0.5%.
Manufacturing, commercial, and personal property values stabilized and even grew somewhat through 2012, leading analysts to believe the future will be brighter.
