- Associated Press - Thursday, August 11, 2016

MADISON, Wis. (AP) - A new report says the value of taxable property in Wisconsin is up 3 percent this year, but has still not fully recovered from losses since the recession.

The Wisconsin Taxpayers Alliance reported Thursday that taxable property in the state is at just over $505 billion, which is still shy of the pre-2008 recession high of $514 billion. Values have been steadily increasing since bottoming out at nearly $468 billion in 2013.

The Taxpayers Alliance estimates that the unprecedented five years of value decline won’t be erased until 2017.

Since 2013 property values have been average an increase of 2.6 percent a year. From 2000 to 2008 increases averaged 7.6 percent annually.

The independent Taxpayers Alliance determined the increase after analyzing equalized value figures from the state Department of Revenue.

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