{"id":12152,"date":"2024-08-17T05:03:18","date_gmt":"2024-08-17T05:03:18","guid":{"rendered":"https:\/\/wifamily.news\/?p=12152"},"modified":"2024-08-17T05:59:29","modified_gmt":"2024-08-17T05:59:29","slug":"report-says-wisconsin-land-values-up-75-billion-over-last-year","status":"publish","type":"post","link":"https:\/\/wifamily.news\/?p=12152","title":{"rendered":"Report Says Wisconsin Land Values up $75 Billion over Last Year"},"content":{"rendered":"<p>This post originally appeared at <a href=\"https:\/\/wisconsindailystar.com\/news\/report-says-wisconsin-land-values-up-75-billion-over-last-year\/tcsquare\/2024\/08\/17\/\">https:\/\/wisconsindailystar.com\/news\/report-says-wisconsin-land-values-up-75-billion-over-last-year\/tcsquare\/2024\/08\/17\/<\/a><\/p>\n<div id=\"fb-root\"><\/div>\n<h5>by Benjamin Yount<\/h5>\n<p>\u00a0<\/p>\n<p>Land continues to get more valuable in Wisconsin.<\/p>\n<p>The state\u2019s Department of Revenue released its latest Equalized Values Report, showing the total value of all the land in the state $907 billion, an increase of $75 billion from last year.<\/p>\n<p>\u201cThe value is needed for each taxation district, which includes every town, village and city plus those portions that are located in an adjacent county,\u2019 the DOR states in the report. \u201cThe detail in the local assessment roll, showing the assessed value of land, improvements and their total, for eight classes of real property and four classes of personal property, is also the breakdown required of the Equalized Values.\u201d<\/p>\n<p>Residential land continues to be the most valuable, worth more than $667 billion, followed by Wisconsin\u2019s commercial properties at $180 billion.<\/p>\n<p>However, farmland and forest land saw the biggest jumps in value. Both went up 11% last year.<\/p>\n<p>Oconto County saw the largest increase in land values at 16%, followed by Lafayette and Pepin both at 14%.<\/p>\n<p>\u201cEqualized values are calculated annually and used to ensure statewide fairness and equity in property tax distribution. The equalized value represents an estimate of a taxation district\u2019s total taxable value and provides for the fair apportionment of school district and county levies to each municipality,\u201d the report states. \u201cChanges in equalized value do not necessarily translate into a change in property taxes.\u201d<\/p>\n<p>The report also shows a nearly $11 billion drop in some property values as part of the personal property exemption that is included in Wisconsin\u2019s new shared revenue law.<\/p>\n<p>\u2013 \u2013 \u2013<\/p>\n<p><em>Benjamin Yount is a contributor to <a href=\"https:\/\/www.thecentersquare.com\/wisconsin\/article_1b7c7eb6-5bd7-11ef-94c6-f7973f98e2cf.html\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">The Center Square<\/a>.<br \/>\nPhoto \u201cWisconsin Dairy Farm\u201d by <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Wisconsin_dairy_farm.jpg\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Wikideas1<\/a>.<br \/>\n<\/em><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/wisconsindailystar.com\/news\/report-says-wisconsin-land-values-up-75-billion-over-last-year\/tcsquare\/2024\/08\/17\/\">Report Says Wisconsin Land Values up $75 Billion over Last Year<\/a> appeared first on <a href=\"https:\/\/wisconsindailystar.com\">The Wisconsin Daily Star<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post originally appeared at https:\/\/wisconsindailystar.com\/news\/report-says-wisconsin-land-values-up-75-billion-over-last-year\/tcsquare\/2024\/08\/17\/ by Benjamin Yount \u00a0 Land continues to get more&#8230;<\/p>\n","protected":false},"author":15,"featured_media":3495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-12152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wi-daily-star"],"_links":{"self":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/12152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12152"}],"version-history":[{"count":1,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/12152\/revisions"}],"predecessor-version":[{"id":12153,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/12152\/revisions\/12153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/media\/3495"}],"wp:attachment":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}