Wisconsin Real Estate Market to Soar in 2022

Madison, Wisconsin (WMTV) – The Wisconsin Department of Revenue (DOR) announced Monday that equalized property values ​​in Wisconsin saw their biggest gain in more than 40 years.

In its report, the DOR showed that Wisconsin-wide equalized property values ​​are at $745 billion, up 14% from 2021. The increase, shown from Jan. 1 to Dec. 31, 2021, is the largest since 1979, he said, a DOR official said.

The DOR report showed growth across all property classes, but residential and commercial properties were by far the most.

This growth highlights a $90.6 billion change in levelized value from rising market values ​​and new construction. Menominee and Price counties saw the biggest increases in market value, from 19% to 31%, respectively, according to DOR.

According to DOR, changes in value don’t necessarily mean changes in property taxes, but the levelized values ​​are reported annually to promote fairness and impartiality in property tax information.

classification % gain
Residential 15%
commercial 13%
manufacturing industry Five%
Agriculture 6%
undeveloped 6%
silver forest 9%
Woods 8%
other 8%

Learn more about the equalized value report here.

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