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Property values up, but still behind 2008 figures

MADISON — Following a five-year slide in property values in Wisconsin, most counties show an increase in values with the release of the latest Equalized Values. This information is from the Wisconsin Taxpayers Alliance.

For the second consecutive year, the current market value of all taxable property in Wisconsin rose, going up 2.4 percent in 2015.

At $490.7 billion, the state values remain almost $25 billion below the 2008 market peak of $514.4.

Value changes were far from uniform across the state. Among the state’s 20 largest cities, only Beloit (5.9%) and Kenosha (5.2%) had growth above five percent. Eau Claire showed a 4.5 percent growth.

Growth for local counties, ones that border the Minnesota Twin Cities showed  a growth, with Pierce County up 6.7 percent with St. Croix County increased 6.2 percent and Polk County had a 2.1 percent increase in Equalized Valuation.

St. Croix County 2015 Equalized Valuation is at $8,062,750,500, up from $7,591908,200 in 2104. In 2008 St. Croix County recorded a valuation of $8.738,454,500.

In Dunn County the new Equalized Valuation is $2,802,596,500, an increase of 4.9 percent over the 2014 figures. Dunn County is almost back to the 2008 figures, which were $2,819,383,600.

Polk County had a 2.1 percent increase to $4,229,718,700. Up some $85 million from 2014. In 2008 Polk County had Equalized Value of  $5,061,881,100.

Pierce County showed a new valuation of $2,996,430,700 up from $2,807,114,900 in 2014. Pierce County had a valuation of $3,311,100,300 in 2008.

As for the state, Wisconsin had an Equalized Valuation of $514,393,963,700 in 2008 and that figure dropped to a low of $467,502,564,000 in 2013.