Wisconsin sees biggest increase in K-12 property taxes in more than 30 years
iStock/marchmeena29 MILWAUKEE COUNTY, Wis. (CBS 58) -- Many of you have gotten property tax bills this week and noticed a pretty big spike in how much you have to pay.
A new analysis found that, statewide, this is the biggest increase in K-12 property tax increases in more than 30 years.
According to the Wisconsin Policy Forum, K-12 tax levies will increase by $476 million -- that's a nearly 8% increase.
The main reason for that is the current state budget kept a provision Governor Tony Evers added in 2023. It allows school districts to raise taxes by $325 per pupil every year for the next 400 years.
In Wisconsin, school districts have limits on how much money they can raise.
Schools get their money from state aid and property taxes, so without increases in state funding, they rely on property tax hikes.
While Gov. Evers and Wisconsin lawmakers increased funding for special education, general state aid remained flat for the next two years -- that's why the forum anticipates many of you will see another property tax increase next year.