Wisconsin property now valued at more than $1 trillion

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(The Center Square) – The taxable value of Wisconsin property went up 8% again in 2026, matching the rise from the year before, according to new data from the Wisconsin Department of Revenue.

The total equalized value of residential property in the state jumped up nearly $52 billion to $776 billion. Overall, there is now more than $1 trillion of property in the state, up from $654.8 billion in 2021 after it steadily rose from 1988 to 2008 before five years of lowered prices began.

The overall state property value was $126.6 billion in 1988, then $514.4 billion in 2008 before going to $467.5 billion in 2013.

Since then, values have increased each year with large jumps in 2022 and 2023.

There is now nearly $210 billion worth of commercial property, up nearly $18 million and 9% from the year before.

“Equalized values are calculated annually and used to ensure statewide fairness and equity in property tax distribution,” the report said. “The equalized value represents an estimate of a taxation district’s total taxable value and provides for the fair apportionment of school district and county levies to each municipality. Changes in equalized value do not necessarily translate into a change in property taxes.”