$100 Million in Property Tax Relief


for Wisconsin Families, Farmers, Seniors, and Small Businesses

The owner of a median value home in Wisconsin will save $680 over four years, compared to the previous four year trend, under the $100 million property tax relief plan unveiled by Governor Scott Walker, Senate Majority Leader Scott Fitzgerald (R-Juneau), and Assembly Speaker Robin Vos (R-Rochester). 

After increasing 27 percent for a decade prior to 2011, median-valued homeowner property taxes will have dropped in three consecutive years.  Once Governor Walker’s term is completed in 2015, property taxes for the median-valued home will be lower than when he took office in January 2011.  

The $100 million investment in property tax relief comes from higher than expected growth in state revenue due to our growing economy and job creation.  In addition, under the leadership and prudent fiscal management of Governor Walker and the Republican legislature, the State of Wisconsin spent less money than anticipated in the last fiscal year.

Governor Walker issued an executive order calling the legislature into a special session to pass property tax relief for Wisconsin families, farmers, seniors, and small businesses, among other economic development issues.

Frequently Asked Questions – $100 million in Property Tax Relief for Families, Farmers, Seniors, and Small Businesses

How are you paying for this?

The $100 million investment in property tax relief comes from higher than expected growth in state revenue due to our growing economy and job creation.  In addition, under the leadership and prudent fiscal management of Governor Walker and the Republican legislature, the State of Wisconsin spent less money than anticipated in the last fiscal year.

How much can the typical homeowner expect to save?

Because of our reforms and property tax controls, typical Wisconsin homeowners will save $680 over four years compared to the prior four-year trend.

How will the $100 million be provided?

It will be provided in increased general school aids of $100 million over the biennium to push down property taxes.  The proposal will increase state aid to schools by $100 million; increasing the state’s commitment to K-12 education.  This aid will provide property tax relief as it is distributed through the aid formula.

Isn’t this irresponsible to be doing this now because of the uncertainty of the Government shutdown and potential default?

Governor Walker’s administration continues to closely monitor the situation and its potential impact on Wisconsin.  The government that is necessary should work and work well.  Our focus is on continuing to move Wisconsin forward to build a better state and more efficient government for our people. 

Won’t this grow our structural deficit even more?

The projected structural deficits under Governor Walker are also the lowest in more than 15 years.  Not to mention, the deficit will be wiped out completely and a surplus will be created with only a modest growth in revenue in the 2015-17 biennium.

The Department of Public Instruction is set to send out aid payments next week Tuesday so school districts can set their levies by November 1.  Can this aid really make its way in the formula this year?

The bill will delay DPI’s aid certification to October 31 and also delay when school districts set their levies to accommodate on November 6.  These dates can further be clarified if need be in the bill so the savings will be realized on the coming property tax bill for homeowners.