MONROE - Changes in Green County municipalities' 2012 equalized property values were gentler than last year, according to numbers from the annual Wisconsin Department of Revenue (DOR) equalized value report released last month.
The values in 10 municipalities, towns, villages and cities, dropped this year at rates of less 3 percent, and 12 climbed, staying under 1.7 percent. The Town of New Glarus suffered the largest hit of all the municipalities this year, with 2.96 percent drop.
Last year, 13 municipalities dropped in value, and six of them saw 4 to 6 percent drops.
Unlike last year, when the southwestern townships were the only ones seeing positive rates, towns on the east edge of the county gained in values in 2012, but not enough for most of them to make up for the past year's losses.
Statewide, the 2012 DOR report, based on data from Jan. 1, 2011 to Jan. 1, 2012, shows Wisconsin's total equalized property value is down 3.2 percent from the prior year, when it was down 1.8 percent .
Green County's total is down 0.52 percent, following a 1.59 percent drop the year before. Values dropped $13.7 million, to end at $2.611 billion. Last year, Green County lost $42.3 million, leaving it with a $2.63 billion total.
Changes in equalized value do not necessarily translate into a change in the amount of property taxes to be paid by property owners. Tax Increment District (TID) values are included in the totals.
An equalized value represents an estimate of a taxation district's total taxable value, and provides for the fair apportionment of taxation district levies (including school districts and counties) to each municipality. Equalized values are calculated annually to ensure statewide fairness and equity in property tax distribution.
Townships
• The Town of Brooklyn managed a 0.76 percent gain, or $895,000, this year, after a 4.1 percent drop last year.
• The Town of Albany came up 0.48 percent, adding $436,000, from last year's drop of 4.6 percent.
• The Town of Decatur managed a 1.1 percent gain, or $1.5 million, after a 2011 drop of 3.8 percent.
• The Town of Spring Grove had a gentle drop of 0.6 percent, or $450,000, last year, but made up the loss and then some with a gain of 1.38 percent, or $1.1 million, for 2012.
• Both the Towns of York and Exeter along the northern edge of the county took a second hit this year, after enduring the harshest burns of 4.6 and 6.4 percent in the county last year. York dropped 2.6 percent and lost $2.2 million. Exeter dropped 1.9 percent this year to lose $3.4 million. York, Albany, Decatur and Brooklyn townships lost about $4 to 5 million each in equity value in 2011, while Town of Exeter lost $12.2 million.
• The Town of New Glarus did not escape its neighbors' fates, as it did last year when it gained 0.84 percent, $1.2 million. This year it dropped 2.96 percent to lose $4.3 million in equalized value.
• The towns of Washington, Mount Pleasant and Monroe continued to slide, but more slowly than last year. Washington stepped down 0.2 percent, losing $144,000; Mt. Pleasant lost $327,000, or 0.63 percent; and Monroe lost $658,000, or 0.66 percent. Last year, the towns lost 2.2, 2.7, and 1.2 percent respectively, losing between $1.2 million and $1.6 million each.
• Losing its 1 percent gain and $783, 000 from 2011, the Town of Jefferson dropped 1 percent and lost $847,000 in 2012.
• Clarno took in only $88,700 for a 0.1 percent increase, after raking in nearing $1 million at 1.2 percent in 2011.
• The Town of Sylvester, however, picked up the pace considerably in 2012, pulling in $1.2 million with a 1.2 percent gain. The township gained a mere 0.02 percent or $16,600 in 2011.
• Cadiz, the biggest gainer last year with $1.3 million at 2.1 percent, brought in another $1 million in 2012, with a 1.6 percent increase.
• Adams at 0.4 percent for $174,000 and Jordan at 0.5 percent for $255,700 kept pace with 2011.
Cities and villages
Cities and villages across the county fared as well as, or better than, last year - except for the City of Monroe. Agricultural, forestry and other undeveloped land are seldom part of these municipalities' total values.
• The City of Monroe lost nearly $8 million this year, dropping 1.23 percent of its equity value, to end at $635 million. The city gained $3.2 million in new construction -- $1.6 million in residential, $1.3 million in commercial and $346,000 in manufacturing. Economic changes destroyed $11.8 million in residential value and $1.75 million in commercial, while other changes took out $1.45 million of manufacturing values. The city is left with $8.78 million less in real estate value. Personal property value added back on $860,000.
The city gained $4.9 million overall last year, with its 0.76 percent increase.
• Browntown lost 1.22 percent, or $138,000, ending at $11.2 million for 2012, as losses from economic changes, $264,000, and personal property $13,000, took out double the amount of new construction, $138,700. It lost 1.89 percent, or $217, 000 last year.
• Monticello also lost value in 2012. The village dropped $584, 000, or 0.87 percent, quite a bit less than the $2.9 million, or 4.2 percent, that it lost last year. Monticello gained $411,000 in new residential and commercial construction. Coming out mostly from the residential class, economic changes took $1.5 million, and other changes, a nominal $32,000, to push real estate property down $1.1 million. Personal property gave back an added half-million dollars, to end the village at $66.7 million.
• Albany led the cities and villages in the highest rate of gain, coming in at 1.53 percent higher than in the prior year, giving it an added $805,000 in value. The village ended at $53.4 million, including $643,000 in news construction and $323,000 in added personal property. Economic change took $132,000 and other changes took $28,000. The village gained 1.62 percent, for an added $837,000 in equalized value in 2011.
• New Glarus was the biggest turn-around this year, moving from a 4.89 percent loss last year, to a 0.8 percent gain in 2012. The village took in an added $1.25 million in equity value, after suffering a loss of $8 million last year. New Glarus ended at $157 million for 2012. Real estate values increased $1.4 million, including $1 million in new construction. Economic changes gave $360,000, while personal property dropped $140,000.
• The portion of Brodhead in Green County staved off another decrease, after falling 2.2 percent last year. In 2012, the city gained $338,000 for a 0.22 percent increase. The city ended at $156.5 million, including $333,000 in new construction and other changes adding $147,000 in value. Personal property values dropped $142,000. The city lost $3.5 million last year, ending at $156.1 million.
But the city's property values in Rock County dropped 10 percent, with a loss of $500,000, more than half from residential land value, following a 2.65 percent rise last year propped up by $200,00 new residential construction. Commercial property lost more than $100,000 in both years. The loss left the Rock County side of the city with $4.7 million in 2012.
The values in 10 municipalities, towns, villages and cities, dropped this year at rates of less 3 percent, and 12 climbed, staying under 1.7 percent. The Town of New Glarus suffered the largest hit of all the municipalities this year, with 2.96 percent drop.
Last year, 13 municipalities dropped in value, and six of them saw 4 to 6 percent drops.
Unlike last year, when the southwestern townships were the only ones seeing positive rates, towns on the east edge of the county gained in values in 2012, but not enough for most of them to make up for the past year's losses.
Statewide, the 2012 DOR report, based on data from Jan. 1, 2011 to Jan. 1, 2012, shows Wisconsin's total equalized property value is down 3.2 percent from the prior year, when it was down 1.8 percent .
Green County's total is down 0.52 percent, following a 1.59 percent drop the year before. Values dropped $13.7 million, to end at $2.611 billion. Last year, Green County lost $42.3 million, leaving it with a $2.63 billion total.
Changes in equalized value do not necessarily translate into a change in the amount of property taxes to be paid by property owners. Tax Increment District (TID) values are included in the totals.
An equalized value represents an estimate of a taxation district's total taxable value, and provides for the fair apportionment of taxation district levies (including school districts and counties) to each municipality. Equalized values are calculated annually to ensure statewide fairness and equity in property tax distribution.
Townships
• The Town of Brooklyn managed a 0.76 percent gain, or $895,000, this year, after a 4.1 percent drop last year.
• The Town of Albany came up 0.48 percent, adding $436,000, from last year's drop of 4.6 percent.
• The Town of Decatur managed a 1.1 percent gain, or $1.5 million, after a 2011 drop of 3.8 percent.
• The Town of Spring Grove had a gentle drop of 0.6 percent, or $450,000, last year, but made up the loss and then some with a gain of 1.38 percent, or $1.1 million, for 2012.
• Both the Towns of York and Exeter along the northern edge of the county took a second hit this year, after enduring the harshest burns of 4.6 and 6.4 percent in the county last year. York dropped 2.6 percent and lost $2.2 million. Exeter dropped 1.9 percent this year to lose $3.4 million. York, Albany, Decatur and Brooklyn townships lost about $4 to 5 million each in equity value in 2011, while Town of Exeter lost $12.2 million.
• The Town of New Glarus did not escape its neighbors' fates, as it did last year when it gained 0.84 percent, $1.2 million. This year it dropped 2.96 percent to lose $4.3 million in equalized value.
• The towns of Washington, Mount Pleasant and Monroe continued to slide, but more slowly than last year. Washington stepped down 0.2 percent, losing $144,000; Mt. Pleasant lost $327,000, or 0.63 percent; and Monroe lost $658,000, or 0.66 percent. Last year, the towns lost 2.2, 2.7, and 1.2 percent respectively, losing between $1.2 million and $1.6 million each.
• Losing its 1 percent gain and $783, 000 from 2011, the Town of Jefferson dropped 1 percent and lost $847,000 in 2012.
• Clarno took in only $88,700 for a 0.1 percent increase, after raking in nearing $1 million at 1.2 percent in 2011.
• The Town of Sylvester, however, picked up the pace considerably in 2012, pulling in $1.2 million with a 1.2 percent gain. The township gained a mere 0.02 percent or $16,600 in 2011.
• Cadiz, the biggest gainer last year with $1.3 million at 2.1 percent, brought in another $1 million in 2012, with a 1.6 percent increase.
• Adams at 0.4 percent for $174,000 and Jordan at 0.5 percent for $255,700 kept pace with 2011.
Cities and villages
Cities and villages across the county fared as well as, or better than, last year - except for the City of Monroe. Agricultural, forestry and other undeveloped land are seldom part of these municipalities' total values.
• The City of Monroe lost nearly $8 million this year, dropping 1.23 percent of its equity value, to end at $635 million. The city gained $3.2 million in new construction -- $1.6 million in residential, $1.3 million in commercial and $346,000 in manufacturing. Economic changes destroyed $11.8 million in residential value and $1.75 million in commercial, while other changes took out $1.45 million of manufacturing values. The city is left with $8.78 million less in real estate value. Personal property value added back on $860,000.
The city gained $4.9 million overall last year, with its 0.76 percent increase.
• Browntown lost 1.22 percent, or $138,000, ending at $11.2 million for 2012, as losses from economic changes, $264,000, and personal property $13,000, took out double the amount of new construction, $138,700. It lost 1.89 percent, or $217, 000 last year.
• Monticello also lost value in 2012. The village dropped $584, 000, or 0.87 percent, quite a bit less than the $2.9 million, or 4.2 percent, that it lost last year. Monticello gained $411,000 in new residential and commercial construction. Coming out mostly from the residential class, economic changes took $1.5 million, and other changes, a nominal $32,000, to push real estate property down $1.1 million. Personal property gave back an added half-million dollars, to end the village at $66.7 million.
• Albany led the cities and villages in the highest rate of gain, coming in at 1.53 percent higher than in the prior year, giving it an added $805,000 in value. The village ended at $53.4 million, including $643,000 in news construction and $323,000 in added personal property. Economic change took $132,000 and other changes took $28,000. The village gained 1.62 percent, for an added $837,000 in equalized value in 2011.
• New Glarus was the biggest turn-around this year, moving from a 4.89 percent loss last year, to a 0.8 percent gain in 2012. The village took in an added $1.25 million in equity value, after suffering a loss of $8 million last year. New Glarus ended at $157 million for 2012. Real estate values increased $1.4 million, including $1 million in new construction. Economic changes gave $360,000, while personal property dropped $140,000.
• The portion of Brodhead in Green County staved off another decrease, after falling 2.2 percent last year. In 2012, the city gained $338,000 for a 0.22 percent increase. The city ended at $156.5 million, including $333,000 in new construction and other changes adding $147,000 in value. Personal property values dropped $142,000. The city lost $3.5 million last year, ending at $156.1 million.
But the city's property values in Rock County dropped 10 percent, with a loss of $500,000, more than half from residential land value, following a 2.65 percent rise last year propped up by $200,00 new residential construction. Commercial property lost more than $100,000 in both years. The loss left the Rock County side of the city with $4.7 million in 2012.