State budget lowers property tax bill $1 this year, $2 next year

Property taxes on a median-valued Wisconsin home are set to drop $1 this upcoming winter, and another $2 next year, the state’s nonpartisan budget agency reported Monday.

For a median-valued home of $154,268, property taxes are estimated at $2,830 in 2015-16. The home value is expected to increase to $159,205 in 2016-17, but property taxes would still decline to $2,828.

That’s a slightly smaller cut than the $7 and $3 in Gov. Scott Walker’s original 2015-17 budget proposal, according to the Legislative Fiscal Bureau.

Wow!!! I can almost buy a candy bar with the windfall!!@!@