The tax bill for the median value home is $39 per homeowner lower than originally estimated by the Legislative Fiscal Bureau when the 2011-2013 budget was passed.
“Our reforms have reversed a decade of property tax increases from previous administrations,” Walker said. “For the first time in over ten years, the average property taxpayer will have more money in his or her pocket than the year before.”
Since 1998, property taxes paid by homeowners have risen 43 percent. This year property taxes paid by the typical homeowner went down 4 percent. Without his reforms, the average homeowner would have paid an additional $700 over the biennium, Walker said.