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Property tax rates on the rise: trend or anomaly?

This year’s increase in the gross tax rate marked the first such increase in southeastern Wisconsin since at least 2001. The increase was small ($0.03), but may portend coming changes in property tax trends.
Data from 2001 and later indicate that as the basic cost of running government has increased, so has the gross levy amount. This increasing levy has been cushioned by increasing property values, which have allowed municipal governments to decrease the tax rate applied to property owners each year.

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