Gov. Walker Signs Property Tax Cut Bill
On Sunday, Gov. Scott Walker signed into law a $100 million property tax cut in Wisconsin. The law passed both houses of the state legislature last week with little opposition. It allows for the cut to be applied to tax bills mailed to homeowners in December.
The amount of the cut will vary widely across the state but for the typical homeowner it will amount to just $13 this year and $20 next year.
Even under the cut, property taxes are still projected to increase by $11 — from $2,943 to $2,954 — in two years for the median-valued $148,000 home.
Walker and Republican backers defended the cut, as modest as it may be, as the right thing to do given the state’s growing budget surplus.
Walker signed the law Sunday at a farm near Burlington.