WCCO EYE4 LOGO WCCO Radio wcco-eye-red01, ww color red

Consumer

Wis. Property Values Decline For 3rd Consecutive Year

View Comments
(credit: CBS)

(credit: CBS)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things To Know For July 25, 2014
  2. 4-Vehicle Crash On 35W In Roseville Stalls Morning Commute
  3. A Car That Drives Itself?
  4. Knoblauch Accused Of Assault On Ex-Wife
  5. Goin’ To The Lake: Amelia & Angela Camp In The BWCA

MADISON, Wis. (AP) – Property values have declined in Wisconsin for the third consecutive year.

But, the state Department of Revenue says the drop in 2010 was about half of what it was the previous year. The value of homes, businesses and other property in Wisconsin is down 1.8 percent to $487 billion. That compares with a decline of 3.1 percent in 2009.

The revenue department’s report says the biggest declines in 2010 were in commercial, forest and farm properties. Residential property in Wisconsin is valued at $347 billion, down by 1.6 percent over the previous year.

The Journal Sentinel says the dip in residential value in Wisconsin is about the same as the average national decline.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus