Property Tax Cut
MADISON, Wis. (AP) – The Wisconsin state Senate will get the first crack at Gov. Scott Walker’s $100 million property tax cut proposal.
The Senate is scheduled to take up the measure in a special session Tuesday. The bill is up for a public hearing and vote Tuesday morning in the Legislature’s budget-writing Joint Finance Committee. The plan is projected to cut property taxes on a median-valued home by $13 this year. Next year, taxes would drop $20 compared to what they would be without the $100 million cut. Even under the cut, property taxes are still projected to increase by $11 – from $2,943 to $2,954 – in two years for the typical home. The actual amount people pay varies widely across the state.
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