Wisconsin’s a smaller state, but she ranks in the top ten in property taxes, along with states with troubled economies like Illinois and California.
The Wisconsin State Journal, in a story posted this afternoon, entitled, “Wisconsin ninth in median property taxes,” notes that “Wisconsin’s median real estate tax paid for 2008 was $2,963…” compared “…to the national median of $1,897.”
Our taxes are also above average as a fraction of a home’s value: “Wisconsin also made the top 10 list for highest median real estate tax as a percentage of median home value. The foundation ranked Wisconsin fourth on that list, at 1.71 percent, compared to No. 1 Texas’ rate of 1.76 percent and No. 2 New Jersey’s rate of 1.74 percent. The national median was 0.96 percent.”
(The full report from the Tax Foundation, at http://www.taxfoundation.org/news/show/25197.html, has the grim details.)