Wisconsin Department of Revenue Releases Annual Equalized Values Report

Wednesday, August 16th, 2023 -- 1:01 PM

The Wisconsin Department of Revenue (DOR) released its annual Equalized Values Report. The report shows Wisconsin’s total statewide equalized property value as of January 1, 2023, was $842 billion, a 13% increase over the prior year.

This is the second consecutive year showing a double-digit statewide increase. Growth occurred in all property classes and was led by residential and manufacturing property. Equalized values are based on data from January 1, 2022, to December 31, 2022.

Report highlights: Change in equalized value = $98 billion, a 13% increase from 2022; $83.1 billion due to market value increases (11%); $13.1 billion due to new construction (2%). Menominee and Taylor Counties saw the largest increase at 25% and 24%, respectively.

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