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LFB: Property Tax Impacts the Same on JFC, Evers Budgets
By Wisconsin School Administrators Alliance staff | June 19, 2019
From WisPolitics.com …
Property taxes on a median-valued home would go up the same amount under the GOP’s budget plan as they would under Gov. Tony Evers’ original proposal, according to a Legislative Fiscal Bureau analysis.
That’s despite JFC Republicans last week pumping $58.6 million into the lottery to free up additional money for a tax credit to blunt increases.
JFC Co-chair Rep. John Nygren slammed property tax increases in Evers’ budget in making his closing arguments before the JFC approved its version of the budget last week. He said Evers’ budget would increase taxes 3.6 percent on a median-valued home and “would be the largest increase in property taxes in a decade.”
In a news conference after last week’s vote, Assembly Speaker Robin Vos, R-Rochester, said Evers wanted property taxes to increase and that “our budget holds the line on property taxes and keeps them lower than they would have been under Gov. Evers’ proposed plan.”
Quizzed on LFB memo yesterday, the Rochester Republican pivoted to his party’s plan for a middle-class tax cut. Vos highlighted the GOP’s budgetary priority to not raise taxes, which he said the Evers middle-class tax cut plan did.
“I think we were able to achieve our results while spending less, lowering taxes not raising them and doing it in a way that’s sustainable for the long run,” he said.
The median-valued home, worth $166,967 at the end of last year, saw a property tax bill of $2,871.
Under Evers’ budget, that would go up $56 to $2,927 in the first year of Evers’ budget and $48 to $2,975 in the second. Those increases amount to 2 percent and 1.6 percent, respectively.
Under the Republican-controlled JFC’s budget, the LFB estimated the increases would be the same.
Under current law, the property tax bill for that same home would go up $72 in the first year and $45 in the second.
See the LFB memo here.
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