Property Tax Information

flower1994 marked the first significant change in school finance in many years; many changes have followed.

While the discussion about property taxes is one that will continue, it is important to point out that the Madison Metropolitan School District portion of the total property tax bill has decreased significantly over the past twenty years. The state revenue caps have limited the amount of money that school districts may spend, so taxes have been held in check.

Please note that the school levy, which is the school portion of property taxes,has increased a bit more than the rate of inflation, but individual school property taxes, as noted below, have increased less than the rate of inflation. And, the mil rate (the dollars paid per $1,000 of assessed valuation) has decreased 38% since 1994, while inflation has increased significantly.

Quick Tax Facts

  1. since 1994, the mil rate (tax dollars paid per $1,000 assessed valuation) has decreased by 35%
  2. school property taxes are a significantly smaller portion of the total property tax bill than in 1994
  3. since 2004, state equalization aid has increased 9%, while the rate of inflation has increased 25% (see last chart)
  4. since 2004, increases in per pupil expenditures also lag increases in the rate of inflation

Property Tax Assessments averages since 1994

East Side between Cottage Grove Road and Buckeye Road

Madcity Grumps

Download the Excel Spreadsheet speadsheet

Madison Residential Property: Isthmus Lakefront

Madcity Grumps

Download the Excel Spreadsheet speadsheet

Madison Residential Property: New Home - 2003 (PD-Westside)

Madcity Grumps

Download the Excel Spreadsheet speadsheet

Madison Residential Property: Average Home (est.)*

Madcity Grumps

*This estimate is based on figures provided by the City of Madison Assessor's Office. The only number that is not exact is the School

Download the Excel Spreadsheet speadsheet

 

10 Year Trend Chart

This chart below shows the TEN year trend in enrollment, expenditures, & state aid compared to increases in cost of living.

Madcity Grumps

* The 2008 referendum authorized MMSD to exceed the revenue cap by $13M each year. These numbers reflect spending if that extra $13M had NOT been authorized. It is not possible for GRUMPS to figure the impact of that additional spending on equalization aid and, therefore, on the levy.

Download the Excel Spreadsheet speadsheet

Want More information?flower

To become a GRUMP, send us an email to supporters@madcitygrumps.com. If you have questions about the budget shortfall, email info@madcitygrumps.com