(The Center Square) – The taxable value of Wisconsin property went up 8% in 2025, according to new data from the Wisconsin Department of Revenue.
In all, there is now $982.8 billion worth of property in the state with $724.4 billion of that residential, $193.4 billion is commercial and $22.8 billion is manufacturing.
Residential property value increased 9% over the year before while commercial increased 7% and manufacturing property was up 6% with the overall average being an 8% increase in equalized value.
“Equalized values are calculated annually and used to ensure statewide fairness and equity in property tax distribution,” the report said. “The equalized value represents an estimate of a taxation district’s total taxable value and provides for the fair apportionment of school district and county levies to each municipality. Changes in equalized value do not necessarily translate into a change in property taxes.”
The total equalized value of property in the state has jumped from $654.8 billion in 2021 after it steadily rose from 1988 to 2008 before five years of lowered prices began.
The overall state property value was $126.6 billion in 1988, then $514.4 billion in 2008 before going to $467.5 billion in 2013.
Since then, values have increased each year with large jumps in the 2022 and 2023 numbers.
The median price for a home in Wisconsin was $337,125 in July after being $292,000 in January. That’s up from a median value of $322,500 in July 2024 and $300,000 in July 2023.
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