MADISON, Wis. (WMTV) – Wisconsin saw the largest increase in its equalized property value in over 40 years, the Wisconsin Department of Revenue (DOR) announced Monday.
In its report, the DOR showed that Wisconsin’s total statewide equalized property value was $745 billion- a 14% increase from 2021. This increase shown from January 1 to December 31, 2021 is the largest since 1979, DOR officials said.
The DOR report showed growth in all property classes, but was residential and commercial properties led the pack.
The growth highlights a $90.6 billion change in equalized value from market value increases and new construction. The DOR said Menominee and Price Counties saw the largest increase in market values at 31% at 19%, respectively.
Equalized values are reported annually to promote fairness and equity in property tax information, though changes in values don’t necessarily mean a change in property taxes, DOR said.
| Classification | % Increase |
|---|---|
| Residential | 15% |
| Commercial | 13% |
| Manufacturing | 5% |
| Agriculture | 6% |
| Undeveloped | 6% |
| Ag Forest | 9% |
| Forest | 8% |
| Other | 8% |
You can find more information about equalized value reports here.
Copyright 2022 WMTV. All rights reserved.
Wisconsin real estate market rockets in 2022 & Latest News Update
Wisconsin real estate market rockets in 2022 & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Wisconsin real estate market rockets in 2022 & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links