MADISON - State Republicans introduced a plan Thursday afternoon for a $100 million property tax cut. It's something Democrats say they were left in the dark about.
While the plan could modestly lower your tax bill in one area, you could still be paying a higher overall total than last year.
Republican lawmakers say it's time to reward property owners for helping the state budget reach a $700 million surplus.
“It's only right that we draw down the property taxes in that regard,” said Governor Scott Walker.
According to the non-partisan Legislative Fiscal Bureau, the Republican proposal would lower property taxes by $13 on a home valued at $148,000. In 2014, taxes would be down $20.
“Revenue growth is up in the state, it's in part a reflection of the growing economy, increases in personal income, other issues involved with economic development that are increasing in the state,” said Walker.
Even under the cut, property taxes are still projected to increase by $11 in two years for the typical home.
The total amount people pay for property taxes varies across the state depending on your home's value and location. Public school districts and local governments are also factors.
“It was certainly surprising,” said State Rep. Eric Genrich of Green Bay.
State Democratic leaders say they met with Governor Walker Thursday, but he never mentioned a tax cut plan.
Genrich says he is holding off judgment until he sees the bill.
“There is some money there to be put to a certain use, whether or not this is the most appropriate, I'm not sure. I'll have to look at the details,” said Genrich.
The Assembly and Senate are expected to vote on the proposal in a special session next week.
The Republican announcement comes just three days after the first Democrat for governor entered the race.
Former Trek Bike Executive Mary Burke announced she'll be running for governor, next year.
Walker says the timing of the plan was so potential savings can be seen on December's bill.
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