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Wisconsin property values see record growth in 2022

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Wisconsin property values see record growth in 2022


Wisconsin property values noticed a report improve in 2022, coming after a continued scarcity of houses and new actual property demand through the COVID-19 pandemic.

The Wisconsin Coverage Discussion board discovered complete property values within the state grew by 13.8 p.c, overwhelmingly surpassing the earlier report improve of 9.6 p.c in 2006. The nonpartisan analysis group’s evaluation appears at knowledge from the state Division of Income on equalized property values as of Jan. 1 relationship again to 1985.

Analysis director Jason Stein stated quite a lot of components contributed to the report development from 2021 to 2022. With decrease rates of interest attributable to the pandemic, many individuals purchased houses in 2021. Inflation additionally drove up the value of property similar to many different commodities.

However Stein stated property values have additionally elevated due to the restricted provide of houses out there within the final decade. He stated residence constructing throughout the USA slowed considerably after the housing market crash of 2007 and 2008, and the trade has been working to catch up ever since.

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“We’re seeing extra building, we have seen extra building in 2021. However it simply takes a very long time to, , dig out from underneath that,” he stated.

Stein stated the expansion in actual property values have been widespread throughout the state’s city and rural areas. Southeast Wisconsin noticed development at barely lower than the statewide price. The Metropolis of Milwaukee noticed an 11.6 p.c improve, barely lower than the earlier yr’s development of 12.3 p.c. Complete values in Dane County grew greater than the state at 15.4 p.c, and the Metropolis of Madison noticed an excellent greater price at 17.2 p.c.

“Dane County overtook Milwaukee County to be the biggest county within the state when it comes to property values, which is outstanding when you think about how a lot bigger Milwaukee County is when it comes to inhabitants,” Stein stated.

He stated the upper property values are a boon for current householders, particularly as a result of property taxes haven’t elevated on the identical price due to state levy limits.

Statewide gross property tax levies elevated by 1.6 p.c, the smallest annual improve since 2014.

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As a result of Wisconsin regulation has strict income limits for varsity districts, Stein stated many districts needed to decrease their tax price or preserve will increase to a modest stage due to will increase in income from the state. He stated municipalities are additionally restricted to solely improve property taxes by the worth of recent building, which was challenged by provide chain disruptions and a good labor market.

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Increased property values will be tough for folks seeking to purchase a house or who’re renting.

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“Virtually nobody who’s staying of their present job goes to get a 13 p.c increase, proper?” Stein stated. “So housing is getting much less inexpensive for you, simply the precise value of the housing. Rates of interest are going up proper now. That’s going to make the financing of a mortgage harder.”

Andy Heidt is housing coverage and applications supervisor for Wisconsin Group Motion Program. He stated greater property values will be tough for low-income householders as a result of they find yourself paying extra in taxes, slicing into their restricted cash for residence maintenance or month-to-month bills. 

Heidt stated landlords go alongside the rise of their property taxes to their tenants by elevating month-to-month charges.

“It is simply going to be a extremely onerous dynamic to maintain folks with weak financial conditions steady in houses,” he stated. 

Heidt stated the rise in property values has additionally made it so much more durable for folks to maneuver from renting to homeownership. He stated when folks can’t afford to make the transition, it has a ripple impact throughout the housing market.

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“They’re staying in rental models that different folks cannot transfer into, additional creating provide points on the inexpensive housing rental aspect,” Heidt stated.

He stated the elevated rents and rising rates of interest additionally make it more durable for the aged to downsize, even when they’re in a position to get value for his or her current residence.

Because the strain on inexpensive housing and rental charges builds with greater property values, Heidt stated he worries the state will see a rise within the quantity of people that can’t afford to stay of their houses.



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Wisconsin

Activists challenged on Oct. 7 Hamas terror at pro-Palestinian campus 'fair' in Wisconsin

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Activists challenged on Oct. 7 Hamas terror at pro-Palestinian campus 'fair' in Wisconsin


“Fox & Friends” co-host Lawrence Jones visited a pro-Palestinian “fair” at the University of Wisconsin-Milwaukee to talk with activists as antisemitism continues to engulf college campuses nationwide. 

“We’re here to really advocate for Palestinians, for Gaza,” one activist told Jones on Tuesday. “We’re advocating, honestly, for just… humanity.”

COLUMBIA UNIVERSITY MOVES TO HYBRID LEARNING ON MAIN CAMPUS AMID ANTISEMITIC PROTESTS

“There’s also a lot more casualties on the Palestinian side than there is on the Israeli side,” another activist chimed in. 

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“And I’m not trying to like, compare the sides, but a lot of people are like, ‘oh my God, October 7th, October 7th,’ but like, no, this is since 1948.”

“People are saying, well, but what about the Jewish community that is under attack as well? The women that were raped, the kids that were put into ovens,” Jones said. 

One activist turned to the other activist and questioned the legitimacy of the claims that women and children were raped and tortured during the Oct. 7 massacre. She said she thought those claims were debunked. 

“The UN came out with a report,” Jones said. 

“I don’t know the resource, but like I said, we’re not here to condone… we’re not here for violence at all,” she said in response. 

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“Do you feel like you could separate the two and you say, hey, let’s just talk about the humanitarian aspect of it without talking about the larger conversation of Hamas using the people that you care about, I care about, as human shields? Like, does that concern you?” Jones asked. 

ANTI-ISRAEL CAMPUS PROTESTS ARE SPREADING: CALIFORNIA, TEXAS BRACE AFTER ACTIVISTS OVERRUN COLUMBIA, YALE

It does concern me. It does. It’s actually really unfortunate,” she said. “We don’t look highly at that at all because you’ve got to understand, you’re all talking about Hamas this, Hamas this. We’re talking about the civilians.” 

Jones discussed his visit to the “fair” on Wednesday during “Fox & Friends,” arguing that there is no “common ground” with the far-left activists. 

“If we can’t even meet at a common ground that women were raped and children were put into ovens in Israel on Oct. 7 then we can’t have a conversation,” Jones said. 

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“They’re denying that it happened. They’re saying that it was propaganda, and this is the same thing that we experienced when I went to the campuses after October 7th, is that they’re under this impression that this did not happen,” he continued. 

His remarks come as anti-Israel agitators have flooded college campuses nationwide, forming pro-Palestinian protest encampments with a unified demand that their schools stop doing business with Israel.

COLUMBIA UNIVERSITY ANTI-ISRAEL PROTESTERS: 5 DRAMATIC MOMENTS FROM A WEEK OF CHAOS

Inspired by ongoing protests and the arrests last week of more than 100 students at Columbia University in New York City, seen at the epicenter of the ongoing demonstrations, students from Massachusetts to California and Tennessee to Texas are now gathering by the hundreds and pledging to stay put on campus until their demand is met.

The nationwide movement has gained momentum and has taken on new strength as administrators continue to allow anti-Israel demonstrations at schools like Columbia, Yale, MIT, UC Berkeley, University of Southern California, Princeton, Harvard, Stanford, Northwestern University, Vanderbilt University, University of Michigan, University of North Carolina, University of Virginia and others.

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The protests come as the Israel-Hamas war surpassed the six-month milestone earlier this month, which has resulted in tens of thousands of civilian Palestinian deaths. The stories of suffering in Gaza have sparked international calls for a cease-fire and protests around the world.

Fox News’ Lawrence Richard and the Associated Press contributed to this report.

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Wisconsin

Earth Week: Sustainability in Wisconsin’s dairy industry

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Earth Week: Sustainability in Wisconsin’s dairy industry


MADISON, Wis. (WMTV) – It’s Earth Week all around the globe and in America’s Dairyland, there are lots of sustainability practices in Wisconsin’s dairy industry.

Wisconsin’s 76th Alice in Dairyland, Ashley Hagenow sat down WMTV’s Tim Elliot to share more.

Hagenow broke down what sustainability means to Wisconsin farmers, how dairy farmers practice sustainability and more.

To find out more about how Wisconsin dairy farmers are committed to building a sustainable future, visit Dairy Farmers of Wisconsin’s website.

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Franklin quickly becoming one of the fastest-growing Muslim communities in Wisconsin

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Franklin quickly becoming one of the fastest-growing Muslim communities in Wisconsin


FRANKLIN, Wisc. — With nearly 70,000 Muslims across Wisconsin, reaching and mobilizing the growing community is a top priority for the new Executive Director of the Wisconsin Muslim Civic Alliance, Fauzia Qureshi.

“We really want to get that grasp to really see where the Muslim community is growing. It’s not just Milwaukee, it’s not just Madison. It’s not just Franklin, it’s across the state,” said Qureshi.

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Fauzia Qureshi, new Executive Director, Wisconsin Muslim Civic Alliance

Fauzia’s appointment comes at a time when Franklin is quickly becoming one of the fastest-growing Muslim communities in Wisconsin and the country.

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“We’re in a smaller town here. So, there’s a smaller town focus, but we’re growing, I think, exponentially,” said Qureshi.

Data from the Voter Activation Network shows about 6 percent, or 2,100 Wisconsin Muslim voters live in Franklin, making it one of the largest communities in the state.

WMCA’s Director of Operations Gabriella Suliga says Fauzia’s long-standing roots in the community played a key role in her getting the top job.

“We really try and get involved in various communities across the state, to make sure that the Muslim community is not only being represented but also turning out during election years,” said Suliga.

Gabriella Suliga

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Gabriella Suliga, Director of Operations, Wisconsin Muslim Civic Alliance

As she looks ahead, Fauzia says the nonprofit hopes to encourage the next generation of Muslims to get involved and continue to build on the growth.

“We know that those leaders are already there, but they just need to be put in positions of power and I think that’s going to make a really big impact,” said Qureshi.


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