Quick Tax Facts

  1. Since 1994, the school levy has increased by less than the rate of inflation.
  2. Since 1994, the mil rate (tax dollars paid per $1,000 assessed valuation) has decreased by almost 50%
  3. Five of the eight surrounding school districts have a higher mil rate than MMSD
  4. School property taxes are a significantly smaller portion of the total property tax bill than in 1994
  5. Many Madison property owners paid less school taxes in 2007 than they did in 1994

Property Tax Assessments averages since 1994

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spreadsheet

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Background Tax Information

flowerWhile the discussion about property taxes is one that will continue, it is important to point out that the Madison Metropolitan School District portion of the total property tax bill has decreased significantly over the past ten years. The state revenue caps have limiteded the amount of money that school districts may spend. The state also has increased the amount of general state aid (although there is less aid for special education and limited aid for English Language Learners), so taxes have been held in check. Please note that the school levy, which is the school portion of property taxes, has increased much less than the rate of inflation. Individual school property taxes as noted below have increased much, much less than the rate of inflation. For many home owners in Madison, school property taxes are actually LESS than they were in 1994.

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