The Assembly’s Democratic leader says he will offer a plan next year to exempt the first $100,000 of an owner-occupied home’s value from property taxes for public schools.
The change would lower property taxes on the average home by about $950 a year, according to the Legislative Fiscal Bureau.
Rep. James Kreuser (D-Kenosha) said his plan to amend the Wisconsin Constitution could not become law until 2007, at the earliest.
Still, he said, it would be better than Republicans’ plans to limit property tax bills for the next three years, while they try to rewrite the constitution to control state and local government spending.
Meanwhile, Avrum Lank says that a Tax Foundation study ranks Wisconsin 41st out of 50 states in business tax climate.