"Don’t double the real estate transfer taxes in Wisconsin!" That was the cry of the WRA and local Realtors to the state government in 2007. And thankfully, this lobbying and activism worked. The proposal to double the real estate transfer tax was removed from the state budget recently.
Also, according to a Wisconsin Realtors Association (WRA) Press release: "Homeowners should also be pleased with a a separate provision in the compromise budget that limits annual property tax increases to 2 percent or the growth in value due to new construction, whichever is greater. With a similar state law having expired earlier this year, the new property tax ‘freeze’ will provide immediate tax relief for taxpayers who might have otherwise faced significantly larger property tax bills this December."
TWO pieces of good news for Wisconsin property owners. Hey, we’ll take that anyday!