Property Value Growth Slows in Southeastern WisconsinMarch, 2008Property values in southeastern Wisconsin counties grew last year at the slowest rate since at least 2004, and for some counties, the past decade. This slowdown is not unexpected given the national downturn in property values. Of significance, however, is the particularly sharp slowdown in growth in Milwaukee and Waukesha counties, especially at the residential level.
Southeastern Wisconsin's overall property values grew 6% from 2006 to 2007, a relatively healthy rate but the lowest since 1999. Property values in the State of Wisconsin as a whole grew by 6.2%, representing a reversal from 2005-2006, when the State's growth rate of 9.6% trailed the region's 10.7%. In fact, 2007 was the first year since 2002 in which the State's growth in property values outpaced that of the region.
Related materials:
Table 1: 2007 equalized property values
Table 2: 2007 per-capita property values
