FOX47 NEWS - Your Property Taxes Are Going Up
Your property taxes will be going up the next two years, but not as much as they could have.
The difference all has to do with the state budget. Now that the political wrangling is over, and the budget's passed, we now know what the budget will cost homeowners.
Every January and July, Kathryn Dray shells out thousands of dollars in property taxes on her east side Madison home.
Mine's over $5,000, she said.
And she'll be paying even more the next two years, but not as much as originally planned. Back in February, Governor Doyle's budget proposal increased taxes by $91 dollars in 2009 and $134 in 2010 on a median-priced $167,000 home. The approved budget raises taxes $93 and $123 respectively, $9 less than planned.
Generally property taxes go up every year, whether the economy is good or bad, said Dale Knapp, research director with Wisconsin Taxpayers Alliance.
Knapp says it's still an increase in tough times, and when the final bill shows up in your mail box, there could be wide fluctuations throughout the state because school districts, towns, and cities are still adjusting their property tax levies.
Now's the time to get involved, find out what they're thinking as far as increases, Knapp said. If that's a concern, make your voice heard now, rather than in December, when it's too late.
Still, some homeowners are willing to endure the tax hike.
I grew up in New Orleans, Louisiana, said homeowner James Good. The property tax rate was extremely low, and we had no services, you'd put your garbage on the curb and it would stay there.
We do have to pay for what we get, and we live in a beautiful neighborhood, said Carol McCartney, who lives in Madison's Atwood Ave. area. It's a wonderful place to live.
Knapp says property taxes don't rise and fall with the economy. Even with falling home prices, people can expect to see an tax increase this year.
The nonpartisan Legislative Fiscal Bureau says the many tax credit increases in the budget helped offset other changes that otherwise would have led to even higher property taxes.