Wisconsin property values down again - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Wisconsin property values down again


MADISON (WKOW) -- The value of Wisconsin property dropped for the fifth year in a row in 2012, the first time that's happened since World War II.

A new study released Thursday by the Wisconsin Taxpayers Alliance says the value of Wisconsin's homes, businesses, farmland and forests fell 0.8 percent last year, or $3.6 billion.

A Milwaukee Journal Sentinel report says the study shows that the value of the state's properties was about $468 billion last year. That's down from a peak of $514 billion in 2008.

The small decrease since last year may suggest the market has bottomed out and is starting to recover.

Wisconsin Taxpayers Alliance researcher Dale Knapp predicts a leveling out, with an increase next year.

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