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Property taxes on median-valued home to drop $3 over next 2 years under state budget

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MADISON, Wisconsin — Property taxes on the typical Wisconsin home are projected to decrease $1 on bills mailed this December and $2 next year.

The nonpartisan Legislative Fiscal Bureau released a new estimate Monday on property taxes for a home valued at just over $154,000 based on the state budget recently signed by Gov. Scott Walker.

Walker's original budget proposal would have resulted in a $10 decrease in property taxes over the two years. But after changes made by the Legislature, and using updated tax figures, the new estimate projects property taxes to decline just $3 over the next two years.

The estimate looks at the state as a whole, but individual tax bills will vary based on a variety of factors including value of the home and local tax levels.

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