As we look forward to the 2015-16 legislative session, continuing to reduce the tax burden on Wisconsin residents remains a top priority. In the last legislative session, we were successful in making significant progress in again reducing property taxes for homeowners and small businesses. As I travel the district and hear from area residents, property taxes continue to be the most frustrating and burdensome issue for seniors, working families, and small businesses.
Due to the State Legislature’s efforts to invest in property tax relief last session, Wisconsin property owners received a welcome reduction in their recent property tax bills. While the experiences of individual property taxpayers may vary due to changes in property assessments or local factors, such as approved referendums, the owner of a median-valued home in Wisconsin is expected to see a $100 drop in their 2014 tax bill.
This property tax reduction is the result of over $400 million in surplus revenue that the State Legislature and Governor committed to buying down the technical college levy as part of last spring’s tax relief measure. I have long supported efforts to reduce the impact of technical colleges on our property tax bills, including authoring legislation in prior sessions that would shift greater responsibility for technical college funding to the state. Given my position on this issue, I was pleased to work with my colleagues to enact this property tax relief.
In our area, it is estimated that a typical homeowner in the Wisconsin Indianhead Technical College District will see $124 in savings, while a typical homeowner in the Chippewa Valley Technical College District will see $115 in savings. Over $45 million in state revenues were committed to reducing the property taxes levied by these two technical college districts alone.
This property tax relief built upon our previous work to hold the line on property taxes, which has resulted in a lower property tax bill in 2014 than in 2010 for the owner of a median-valued home in our state. By comparison, under the prior administration, property taxes rose $230 on the same median-valued home between 2006 and 2010. If the trend of property tax increases seen during the 2006-2010 timeframe was maintained, property taxes on a typical homeowner would be nearly $400 higher than they are today.
I look forward to continuing to work with my colleagues to hold the line on property taxes and find ways to bring further relief to taxpayers. Please stay in touch by visiting my website at www.harsdorfsenate.com or calling my office at 1-800-862-1092 or 608-266-7745.