As Madison property owners receive their tax bills this month, a new report finds the Madison school district’s property tax increase accounts for 17% of the rise in total tax levies for K-12 schools statewide.
For the average home in the Madison Metropolitan School District, valued at $481,300, the district had projected homeowners would see their school-related property taxes increase by about 16% or $684 this year — lower than initial estimates of $1,000.
Property taxes levies for K-12 schools statewide grew by 7.8% this year, marking the largest percent increase in schools’ gross tax levies since 1992, according to an analysis by the Wisconsin Policy Forum, a nonpartisan research group…