This article originally appeared on watchdog.org.
MADISON – The tax cuts just keep on coming.
Gov. Scott Walker on Thursday proposed $100 million tax cut for property taxpayers. Walker said he would call a fall special session, and legislative leaders indicate the bill could pass in the next couple of weeks.
“That’s $100 million worth of tax relief for working families, senior citizens, farmers and small business owners all across the state,” Walker said. “For the third consecutive year (homeowners will) see a reduction of property tax levy for the median value home across the state of Wisconsin.”
Walker said property tax cut would be reflected in this year’s tax bill, but the total tax relief would be spread over the next two years.
“The more we looked at, the more we looked at the size of the surplus, we said if we’re going to do it, let’s go big and go bold,” Walker said. “Let’s have dramatic impact on the people of the state when they’re paying their property tax bill.”
The average property taxpayer figures to save $13 this December and $20 next year compared to current law, according to the Legislative Fiscal Bureau.
The $100 million in property tax relief follows a Republican-led budget that passed nearly a billion dollars in total tax relief — including a $650 million income tax cut.
The property tax cut comes out of an expected remaining general fund balance – or budget surplus – of nearly $200 million over the two-year budget.
