State property values gain, but they slip across much of county|
Langlade Countyís equalized valuation dropped .24 percent between 2013 and 2014, but several towns, along with the village of White Lake, did manage to eke out an increase.
According to the latest numbers from the Department of Revenue, the countyís value slipped $3.9 million, from $1,649,328,300 to $1,645,405,700.
And adding to the concern, the decrease comes at a time when the current market value of all taxable property in Wisconsin rose 2.6 percent, signaling the end of a five-year slump in values.
In the city of Antigo, values dropped .12 percent, or $417,100, to $352,130,400.
Declines were also reported across the rural areas, including Ackley, down .44 percent; Elcho, 1.66 percent; Neva, 2.83 percent; Norwood, 1.29 percent; Peck, 5.71 percent; Polar, 3.51 percent; Price, .53 percent; Rolling, .92 percent; Vilas, .17 percent; and Wolf River, .17 percent.
Gains were led by the village of White Lake, up 1.82 percent, or 286,700, to $16 million.
Other winners were Ainsworth, 2.26 percent; Antigo, 2.31 percent; Evergreen, .54 percent; Langlade, .14 percent; Parrish, 1.10 percent; Summit, .50 percent; and Upham, 2.69 percent.
Outside of the city of Antigo, the highest valued region of the county is Elcho, at $246.7 million, followed by Upham, $185.5 million. Wolf River was third at $117 million.
To the north, property values rose in both Vilas County, up 2.5 percent; Oneida County, up 1.1 percent; and Forest County, up 4 percent.
The Oneida results include the towns of Enterprise, down 2 percent; and Schoepke, off 7 percent, which surround Pelican Lake just north of the Langlade County line.
Valuations from other surrounding counties include Lincoln, up 1.1 percent; Marathon, up 2.1 percent; and Shawano, down .6 percent.
Statewide values sit at $479.5 billion, almost 7 percent below the 2008 market peak of $514.4 billion, according to a new report from the Wisconsin Taxpayers Alliance.
Value changes were far from uniform across the state. Total equalized values fell in 12 of Wisconsinís 72 counties and rose at sub-average rates in another 31.† In only nine counties did values rise 4 percent or more, the Alliance reported.
Moreover, some parts of the state were affected more than others during the 2008-13 real-estate downturn. In 10 western counties from Vernon north to Taylor, plus Calumet County near Appleton, values rose, defying statewide trends. Increases were greatest in Monroe, 7.8 percent, Jackson, 5.4 percent, and Trempealeau, 5.1 percent.
In 23 counties, values declined more than 10 percent. Most noticeable were declines in nine southeastern counties, which also had above-average job losses during 2001-12.† For example, in Milwaukee, Racine, and Kenosha counties, values were off 16 percent or more, the Alliance said.
Value declines were also significant in five counties in central Wisconsin, three northern counties, and six in the northwest near Minneapolis-St. Paul. In centrally-located Adams County, values tumbled 20.3 percent, the most of any county in the state. Pierce, Polk, and St. Croix, all Minnesota-border counties, were close behind with values off more than 17 percent
The 2014 equalized valuations are based upon property values as of Jan. 1, 2014, reflecting what was happening in the real estate market in 2013.
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