Madison News

 

Governor Walker signs $100 million property tax cut

Governor Walker signs $100 million property tax cut

 

10/21/2013 UPDATE:

MADISON, Wis. (AP) _ Governor Scott Walker has signed into law a $100 million property tax cut.

The measure sped through the Legislature with little opposition, allowing 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.

 

----------

MADISON, Wis. (AP) _ The Wisconsin Legislature's budget committee has unanimously approved Gov. Scott Walker's $100 million property tax cut proposal.

Tuesday's bipartisan 16-0 vote comes just before the full Senate is to take up the measure. The Assembly was scheduled to take it up Thursday. Walker has said he wants to sign it into law by the end of the week.

The tax cut is scheduled to take effect this year. It is estimated to lower property taxes on the typical home by $13 this year and $20 next year. The actual amount people pay varies widely across the state.

No one testified for or against the measure, although four registered in support. Even though Democrats voted for it, they said the savings need to be put into perspective.

 

More Articles