State property values go downSubmitted: 08/29/2013
Story By Associated Press

MADISON - Wisconsin's not worth what it used to be.

A new study says the value of Wisconsin's homes, businesses, farmland and forests fell .8 percent last year.

That's a loss of 3.6 billion.

The value of state property has now fallen for five years in a row.

The Wisconsin Taxpayers Alliance says the value of the state's properties was about 468-billion last year.

That's down from a peak of 514-billion in 2008.

The small decrease since last year may suggest the market has bottomed out and is starting to recover.

Wisconsin Taxpayers Alliance researcher Dale Knapp predicts a leveling out, with an increase next year.

(Copyright 2013 Associated Press - All Rights Reserved)

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