Office of the City Assessor

- 1 -

210 Martin Luther King, Jr. Boulevard

Madison, Wisconsin 53703-3342

Personal Property PH 608 266 4526

Real Estate PH 608 266 4531

FAX 608 266 4257

www.cityofmadison.com/assessor

April 18, 2023

Background

Real Estate Changes

Personal Property Changes

Room 101

Locally assessed personal property assessments decreased by $141 million between 2022 and 2023. This

represents a 23.8% decrease from $593 to $452 million. A review of the personal property classifications

resulted in a shift of value (leasehold improvements) to our commercial real estate.

In Madison, all property is valued annually at 100% of market value as of January 1. For the purpose of taxation,

property falls into two categories: real estate and personal property. Within these broad categories, there are

several delineations of property. Real estate includes single family homes, condominiums, apartment buildings,

commercial, and agricultural properties. Personal property consists of furniture, fixtures, and other types of

property used in the course of business or commerce. Real estate and personal property are assessed by the

City Assessor and represent approximately 99% of the property tax base. The remaining 1% of the tax base is

manufacturing property valued by the Wisconsin Department of Revenue.

THE 2023 PROPERTY TAX BASE OF THE CITY OF MADISON

Locally assessed real estate increased 14.4% for 2023. Commercial assessments increased 16.8% ($13,414

to $15,674 million) and residential assessments increased 12.9% ($22,879 to $25,839 million). A robust market

and the annexation of approximately 1500 parcels from the Town of Madison contributed to the increase.

The City Assessor is responsible for the assessment process including: (1) Discovering all real and personal

property that is subject to tax unless exempted by law; (2) Listing all property characteristics used to determine

value; and (3) Valuing all property subject to property tax. Creating and maintaining an accurate assessment roll

(list of all taxable property: address, value, and owner) fulfills the first requirement. Sustaining property record

cards with correct characteristics and information satisfies the second requirement. Accurate valuation, the final

requirement, entails estimating the market value of all locally assessable property in the City. These values are

used when establishing property taxes in December. Please see www.cityofmadison.com/assessor for more

information.

- 2 -

Manufacturing Assessments

Recap of Local Changes

A recap of the locally assessed valuation changes in millions shows:

Percent Change

Real Estate 14.4%

Personal Property (23.8%)

Total

13.8%

The 5,087$

Change in $ Millions

Annexations 386.2$

New Construction 866.0$

Property Formerly Exempt, Now Assessed

113.9$

Revaluations 3,821.7$

Buildings Removed 11.4$

Real Estate Exemptions 28.5$

Personal Property (141.0)$

Total 5,086.7$

% of Total Value

Residential 62.20

Commercial 37.73

Agricultural 0.07

Total (Excluding Manufacturing and Personal Property) 100.00

41,541$

www.cityofmadison.com/assessor

593

36,906$

The following tables focus on the composition and rates of locally assessed real estate growth. For further

information, contact Michelle Drea, City Assessor, (608) 266-4531.

452

million local increase can also be broken down as follows:

$ Change

Manufacturing full value assessments prepared by the State are available on the WI DOR website:

https://www.revenue.wi.gov/Pages/Manufacturing/home.aspx. Last year these assessments totaled $456 million

($384 million on real estate and $72 million on personal property).

5,228$

This information can be viewed on the City of Madison website at:

(141)$

2022

41,993$ 5,087$

36,313$

2023

- 3 -

Class 2022 2023 Value Added Percent Changed

Residential

Single Family 18,305$ 20,781$ 2,476$ 13.5%

Condominiums 3,054 3,394 340 11.1%

2 units 1,216 1,340 124 10.2%

3 units 303 324 21 6.9%

Subtotal 22,878$ 25,839$ 2,961$ 12.9%

Commercial

4 units 442$ 488$ 46$ 10.4%

5-7 units 190 206 16 8.4%

8 units 198 204 6 3.0%

9-16 units 203 233 30 14.8%

17-50 units 1,021 1,217 196 19.2%

50+ units 3,756 4,839 1,083 28.8%

Rooming houses 11 13 2 18.2%

All other commercial 7,593 8,474 881 11.6%

Subtotal 13,414$ 15,674$ 2,260$ 16.8%

Agricultural

Subtotal 21$ 28$ 7$ 33.3%

Total 36,313$ 41,541$

5,228$ 14.4%

Assessments in Millions

TABLE 1

- 4 -

2017 2018 2019 2020 2021 2022

Single Family (including Condominiums)

Warranty Deeds 4,832 4,876 4,910 4,732 4,979 4,536

Land Contracts 22 17 164 12 18 14

Subtotal 4,854 4,893 5,074 4,744 4,997 4,550

2-7 Units

Warranty Deeds 270 279 297 299 313 336

Land Contracts 3 8 5 2 11 6

Subtotal 273 287 302 301 324 342

Commercial

Warranty Deeds 351 271 294 231 364 353

Land Contracts 10 6 2 7 12 3

Subtotal 361 277 296 238 376 356

All Types

Warranty Deeds 5,453 5,426 5,501 5,262 5,656 5,225

Land Contracts 35 31 171 21 41 23

Total 5,488 5,457 5,672 5,283 5,697 5,248

TABLE 2

Real Estate Sales

- 5 -

Parcels % of Total Parcels % of Total

Residential

Single Family Vacant 1,435 2.0% 1,246 1.8%

Improved Single Family 49,544 69.6% 48,838 68.9%

Condo and Common Area 16,401 23.0% 16,945 23.9%

2 Units 3,216 4.5% 3,279 4.6%

3 Units 563 0.8% 563 0.8%

Subtotal 71,159 91.1% 70,871 90.8%

Commercial Vacant 375 6.0% 554 8.4%

4 Units 882 14.1% 891 13.5%

5-7 Units 270 4.3% 270 4.1%

8 Units 243 3.9% 238 3.6%

9-16 Units 132 2.1% 140 2.1%

17-50 Units 274 4.4% 280 4.3%

50+ Units 282 4.5% 315 4.8%

Rooming Houses 9 0.1% 11 0.2%

All Other Commercial 3,806 60.7% 3,887 59.0%

Subtotal 6,273 8.0% 6,586 8.4%

Vacant 675 94.1% 591 92.9%

Improved 42 5.9% 45 7.1%

Subtotal 717

0.9%

636 0.8%

Total 78,149 100.0% 78,093 100.0%

Total Vacant 2,485 3.2% 2,391 3.1%

Total Improved 75,664 96.8% 75,702 96.9%

GRAND TOTAL 78,149 100.0% 78,093 100.0%

Agricultural

TABLE 3

Number of Taxable Parcels by Class and Year

20232022

Commercial

- 6 -

Type No. of Parcels Total Value Average Value

Single Family-Improved 48,838 20,714,759,100$ 424,400$

Condominium and Common Area 16,945 3,394,269,500 200,311

2 Units 3,279 1,339,712,200 408,573

3 Units 563 324,081,900 575,634

4 Units 891 487,766,400 547,437

5-7 Units 270 206,204,000 763,719

8 Units 238 204,461,000 859,080

9-16 Units 140 233,196,100 1,665,686

17-50 Units 280 1,216,557,000 4,344,846

50+ Units 315 4,838,651,400 15,360,798

Rooming Houses 11 12,736,000 1,157,818

Single Family Vacant 1,246 66,600,300 53,451

Commercial Improved 3,887 8,306,775,600 2,137,066

Commercial Vacant 554 167,271,600 301,934

Agricultural 636 27,945,100 43,939

Total 78,093 41,540,987,200$ 531,943$

TABLE 4

2023 Assessed Value of Property by Type

- 7 -

Area Area Name 2022 2023 % Change

Far West

7

Spring Harbor-Indian Hills-Mendota

Beach Heights-Thorstrand

434,300$ 503,400$ 15.9%

8 Faircrest-University Highlands 450,000$ 527,200$ 17.2%

9

Mohawk Park, Englewood-Old Middleton

Rd-Camelot

325,400$ 375,600$ 15.4%

10 Highlands-Skyline 831,700$ 956,900$ 15.1%

11 Parkwood Hills 487,800$ 565,500$ 15.9%

12 Walnut Grove/Sauk Creek 452,100$ 510,900$ 13.0%

14 Glen Oak Hills-Crestwood-Merrill Crest 337,500$ 382,400$ 13.3%

67 Junction Ridge/Sauk Heights/Willows 490,700$ 572,900$ 16.8%

84 Oakbridge 333,300$ 380,100$ 14.0%

85 Saukborough-Woodland Hills 511,600$ 578,900$ 13.2%

94 Wexford Village-Sawmill-Longmeadow 430,200$ 488,200$ 13.5%

110 Blackhawk/Greystone 748,000$ 863,400$ 15.4%

111 Cardinal Glen/Birchwood/1000 Oaks 421,000$ 473,200$ 12.4%

124 Tamarack 316,100$ 367,100$ 16.1%

South West

1 Meadowood 286,800$ 324,700$ 13.2%

2 Orchard Ridge 349,300$ 399,000$ 14.2%

3 Muir Field West 341,300$ 379,300$ 11.1%

15 Highland Village/West Towne Area 307,800$ 335,500$ 9.0%

42 Green Tree 370,500$ 412,000$ 11.2%

60 Westview Hills 542,100$ 595,800$ 9.9%

86 High Point Estates 571,800$ 624,500$ 9.2%

87 Meadowood West 310,100$ 355,100$ 14.5%

92 Heather Downs-Park Ridge Heights 295,500$ 316,900$ 7.2%

93 Putnam-McKee 342,900$ 381,300$ 11.2%

95 Valley Ridge/Mid Town Commons 385,300$ 440,000$ 14.2%

98 Fieldstone 333,300$ 370,500$ 11.2%

100 Hawks Landing 674,500$ 773,400$ 14.7%

101 Stone Crest Estate/Hawks Creek 423,100$ 479,600$ 13.4%

106 Hawks Woods 408,700$ 459,000$ 12.3%

107 Nesbitt Valley 359,500$ 400,200$ 11.3%

108 Ice Age Falls 419,400$ 475,800$ 13.4%

109 Country Grove/Ice Age Ridge 427,900$ 477,900$ 11.7%

112

Linden Park/Pine Hill Farms/Sugar

Maple/Hawks Crossing

431,400$ 481,500$ 11.6%

113 Newbury Heights 366,700$ 410,500$ 11.9%

114

Hawks Meadow/Hawks Ridge/Hawks

Valley

512,700$ 567,500$ 10.7%

125*

Acacia Ridge 375,000$ 421,400$ 12.4%

*New subdivision, new construction, or new annexation

Near West

TABLE 5

City of Madison

Average Single Family Residential Values by Geographic Areas

From 2022 to 2023

Average Value

- 8 -

Area A

rea Name 2022 2023 % Change

Average Value

13

Hill Farms 459,600$ 535,400$ 16.5%

16 Segoe-Mineral Point Road (Lincoln Hills) 346,700$ 399,300$ 15.2%

18 Nakoma 640,100$ 705,500$ 10.2%

19 Westmorland 429,900$ 474,500$ 10.4%

53 Odana-Midvale Heights-Tokay 389,200$ 445,200$ 14.4%

55 Summit Woods 325,400$ 375,800$ 15.5%

57 Midvale Heights 396,200$ 461,700$ 16.5%

61 Midvale School-Westmorland 441,800$ 510,600$ 15.6%

64 Findlay Park-Quarrytown 362,400$ 414,100$ 14.3%

74 Midvale Heights-Odana 422,100$ 484,200$ 14.7%

75 Sunset Hills 640,600$ 679,700$ 6.1%

80 West Beltline-Seminole Highway 253,200$ 279,400$ 10.3%

89 Sunset Village-Hilldale 380,200$ 438,600$ 15.4%

90 Sunset Village 402,200$ 463,400$ 15.2%

91 Sunset Woods-Forest Hills 394,000$ 455,400$ 15.6%

West Central

17 Dudgeon-Monroe 472,800$ 515,600$ 9.1%

20 Westlawn-Randall School (West High) 590,300$ 656,300$ 11.2%

21 Vilas-Longfellow School 410,600$ 444,300$ 8.2%

22 University Area 424,100$ 448,600$ 5.8%

23 Langdon Area 459,100$ 485,300$ 5.7%

24 Near West (Square) 376,300$ 398,900$ 6.0%

25 Near East (Square) 359,200$ 384,200$ 7.0%

62 University/Breese Terrace 519,100$ 554,400$ 6.8%

63 West High-Hoyt Park 537,000$ 597,300$ 11.2%

65 University Heights 743,500$ 810,400$ 9.0%

68 Brittingham Park 316,600$ 346,000$ 9.3%

70 Vilas-Edgewood Avenue 648,900$ 708,400$ 9.2%

Near South

30 Waunona 321,200$ 357,200$ 11.2%

32 Bay Creek 331,100$ 358,300$ 8.2%

52 Burr Oaks-Lincoln School 195,400$ 233,600$ 19.5%

123 Bram's Addition 198,900$ 229,400$ 15.3%

126* Town of Madison 2022 Annexation -$ 321,500$

*New subdivision, new construction, or new annexation

Far South

4 Arbor Hills-South Beltline 389,600$ 439,400$ 12.8%

5 Rimrock Heights-Moorland Road 289,400$ 313,200$ 8.2%

East Central

26 Lapham School-Breese Stevens (Square) 349,700$ 370,600$ 6.0%

27 Wil-Mar/Orton Park 474,100$ 504,400$ 6.4%

28 Tenney Park 476,600$ 530,700$ 11.4%

37 East High 293,100$ 319,100$ 8.9%

38 Atwood-Winnebago 328,000$ 356,500$ 8.7%

39 Fair Oaks-Worthington Park 221,600$ 249,500$ 12.6%

50 Northgate-Aberg Avenue 228,800$ 268,500$ 17.4%

69 Elmside-Oakridge 490,900$ 540,900$ 10.2%

118 Eastland-North Gardens 249,400$ 281,900$ 13.0%

Near East

31 Highwood-Glendale 301,700$ 321,500$ 6.6%

33 Glendale 280,600$ 318,400$ 13.5%

34 Lake Edge 253,000$ 310,800$ 22.8%

- 9 -

Area A

rea Name 2022 2023 % Change

Average Value

40

Olbrich 245,000$ 282,600$ 15.3%

41 Eastmorland 271,900$ 308,600$ 13.5%

71 Olbrich Park-Cottage Grove Road 289,800$ 319,200$ 10.1%

Far East

6 East Broadway 239,800$ 280,100$ 16.8%

35 Elvehjem-Acewood 285,600$ 333,400$ 16.7%

36 Elvehjem-Buckeye-Droster 303,100$ 349,200$ 15.2%

43 Rolling Meadows 275,400$ 308,000$ 11.8%

44 Rustic Ridge-East Ridge 314,200$ 355,100$ 13.0%

46 Milwaukee Street I90-94 284,400$ 328,900$ 15.6%

47 Heritage Heights 309,100$ 350,600$ 13.4%

96 Richmond Hill 456,500$ 525,100$ 15.0%

97 Mira Loma 305,700$ 360,700$ 18.0%

99 Grandview Commons 354,800$ 397,400$ 12.0%

102 Twin Oaks-Liberty Pl-Owl Crk 313,700$ 351,300$ 12.0%

103 Door Creek/Reston Heights 345,600$ 390,800$ 13.1%

115 Eastlawn/Covered Bridge/Rustic Acres 350,600$ 403,100$ 15.0%

117 Southeast Blooming Grove Attachment 254,800$ 285,400$ 12.0%

120 Lost Creek 331,200$ 373,600$ 12.8%

121 Siggel Grove & Quinn Ranch 362,300$ 407,000$ 12.3%

122 Secret Places @ Siggelkow Preserve 407,100$ 461,000$ 13.2%

North East

51

East Washington Avenue-Stoughton Rd-

Commercial Avenue

231,200$ 258,900$ 12.0%

72 Whitetail Ridge 290,600$ 308,400$ 6.1%

76 Holiday Bluff 292,500$ 326,600$ 11.7%

77 Berkeley 227,500$ 254,900$ 12.0%

88 Prentice Prairie-Ridgewood 321,500$ 368,800$ 14.7%

104 Village at Autumn Lake 360,400$ 401,000$ 11.3%

105 Parkway Village 307,000$ 345,100$ 12.4%

116 Woods Farm 425,300$ 489,800$ 15.2%

Near North

45 Patio Gardens-Lakeview Heights 268,500$ 305,800$ 13.9%

48 Northport-Sherman Village 252,300$ 291,300$ 15.5%

49 Cherokee 426,500$ 515,900$ 21.0%

54 Lerdahl Park 291,800$ 349,500$ 19.8%

56 North Lake Mendota 346,300$ 371,000$ 7.1%

73 Sherman School 230,300$ 259,100$ 12.5%

81 Brentwood Village-Sheridan Triangle 274,400$ 307,400$ 12.0%

119 Nobel Park-Mendota Hills 237,000$ 283,800$ 19.7%

Lake Shore

78 Waunona 883,200$ 1,065,000$ 20.6%

79 Woodward 1,182,800$ 1,416,700$ 19.8%

82 Spring Harbor 1,351,300$ 1,515,900$ 12.2%

83 Isthmus 1,076,000$ 1,196,400$ 11.2%

City-Wide

376,900$ 424,400$ 12.6%

- 10 -

Area Area Name 2022 2023 % Change

1 Meadowood 286,800 324,700 13.2%

2 Orchard Ridge 349,300 399,000 14.2%

3 Muir Field West 341,300 379,300 11.1%

4 Arbor Hills-South Beltline 389,600 439,400 12.8%

5 Rimrock Heights-Moorland Road 289,400 313,200 8.2%

6 East Broadway 239,800 280,100 16.8%

7

Spring Harbor-Indian Hills-Mendota

Beach Heights-Thorstrand

434,300 503,400 15.9%

8 Faircrest-University Highlands 450,000 527,200 17.2%

9

Mohawk Park, Englewood-Old Middleton

Rd-Camelot

325,400 375,600 15.4%

10 Highlands-Skyline 831,700 956,900 15.1%

11 Parkwood Hills 487,800 565,500 15.9%

12 Walnut Grove/Sauk Creek 452,100 510,900 13.0%

13 Hill Farms 459,600 535,400 16.5%

14 Glen Oak Hills-Crestwood-Merrill Crest 337,500 382,400 13.3%

15 Highland Village/West Towne Area 307,800 335,500 9.0%

16 Segoe-Mineral Point Road (Lincoln Hills) 346,700 399,300 15.2%

17 Dudgeon-Monroe 472,800 515,600 9.1%

18 Nakoma 640,100 705,500 10.2%

19 Westmorland 429,900 474,500 10.4%

20 Westlawn-Randall School (West High) 590,300 656,300 11.2%

21 Vilas-Longfellow School 410,600 444,300 8.2%

22 University Area 424,100 448,600 5.8%

23 Langdon Area 459,100 485,300 5.7%

24 Near West (Square) 376,300 398,900 6.0%

25 Near East (Square) 359,200 384,200 7.0%

26 Lapham School-Breese Stevens (Square) 349,700 370,600 6.0%

27 Wil-Mar/Orton Park 474,100 504,400 6.4%

28 Tenney Park 476,600 530,700 11.4%

30 Waunona 321,200 357,200 11.2%

31 Highwood-Glendale 301,700 321,500 6.6%

32 Bay Creek 331,100 358,300 8.2%

33 Glendale 280,600 318,400 13.5%

34 Lake Edge 253,000 310,800 22.8%

35 Elvehjem-Acewood 285,600 333,400 16.7%

36 Elvehjem-Buckeye-Droster 303,100 349,200 15.2%

37

East High 293,100 319,100 8.9%

38 Atwood-Winnebago 328,000 356,500 8.7%

39 Fair Oaks-Worthington Park 221,600 249,500 12.6%

40 Olbrich 245,000 282,600 15.3%

41 Eastmorland 271,900 308,600 13.5%

42 Green Tree 370,500 412,000 11.2%

43 Rolling Meadows 275,400 308,000 11.8%

44 Rustic Ridge-East Ridge 314,200 355,100 13.0%

TABLE 5

City of Madison

Average Single Family Residential Values by Assessment Areas

From 2022 to 2023

Average Value

- 11 -

Area

Area Name 2022 2023 % Change

Average Value

45 Patio Gardens-Lakeview Heights 268,500 305,800 13.9%

46 Milwaukee Street I90-94 284,400 328,900 15.6%

47 Heritage Heights 309,100 350,600 13.4%

48 Northport-Sherman Village 252,300 291,300 15.5%

49 Cherokee 426,500 515,900 21.0%

50 Northgate-Aberg Avenue 228,800 268,500 17.4%

51

East Washington Avenue-Stoughton Rd-

Commercial Avenue

231,200 258,900 12.0%

52 Burr Oaks-Lincoln School 195,400 233,600 19.5%

53 Odana-Midvale Heights-Tokay 389,200 445,200 14.4%

54 Lerdahl Park 291,800 349,500 19.8%

55 Summit Woods 325,400 375,800 15.5%

56 North Lake Mendota 346,300 371,000 7.1%

57 Midvale Heights 396,200 461,700 16.5%

60 Westview Hills 542,100 595,800 9.9%

61 Midvale School-Westmorland 441,800 510,600 15.6%

62 University/Breese Terrace 519,100 554,400 6.8%

63 West High-Hoyt Park 537,000 597,300 11.2%

64 Findlay Park-Quarrytown 362,400 414,100 14.3%

65 University Heights 743,500 810,400 9.0%

67 Junction Ridge/Sauk Heights/Willows 490,700 572,900 16.8%

68 Brittingham Park 316,600 346,000 9.3%

69 Elmside-Oakridge 490,900 540,900 10.2%

70 Vilas-Edgewood Avenue 648,900 708,400 9.2%

71 Olbrich Park-Cottage Grove Road 289,800 319,200 10.1%

72 Whitetail Ridge 290,600 308,400 6.1%

73 Sherman School 230,300 259,100 12.5%

74 Midvale Heights-Odana 422,100 484,200 14.7%

75 Sunset Hills 640,600 679,700 6.1%

76 Holiday Bluff 292,500 326,600 11.7%

77 Berkeley 227,500 254,900 12.0%

78 Waunona 883,200 1,065,000 20.6%

79 Woodward 1,182,800 1,416,700 19.8%

80 West Beltline-Seminole Highway 253,200 279,400 10.3%

81

Brentwood Village-Sheridan Triangle 274,400 307,400 12.0%

82 Spring Harbor 1,351,300 1,515,900 12.2%

83 Isthmus 1,076,000 1,196,400 11.2%

84 Oakbridge 333,300 380,100 14.0%

85 Saukborough-Woodland Hills 511,600 578,900 13.2%

86 High Point Estates 571,800 624,500 9.2%

87 Meadowood West 310,100 355,100 14.5%

88 Prentice Prairie-Ridgewood 321,500 368,800 14.7%

89 Sunset Village-Hilldale 380,200 438,600 15.4%

90 Sunset Village 402,200 463,400 15.2%

91 Sunset Woods-Forest Hills 394,000 455,400 15.6%

92 Heather Downs-Park Ridge Heights 295,500 316,900 7.2%

93 Putnam-McKee 342,900 381,300 11.2%

94 Wexford Village-Sawmill-Longmeadow 430,200 488,200 13.5%

95 Valley Ridge/Mid Town Commons 385,300 440,000 14.2%

96 Richmond Hill 456,500 525,100 15.0%

97 Mira Loma 305,700 360,700 18.0%

98 Fieldstone 333,300 370,500 11.2%

99 Grandview Commons 354,800 397,400 12.0%

- 12 -

Area

Area Name 2022 2023 % Change

Average Value

100 Hawks Landing 674,500 773,400 14.7%

101 Stone Crest Estate/Hawks Creek 423,100 479,600 13.4%

102 Twin Oaks-Liberty Pl-Owl Crk 313,700 351,300 12.0%

103 Door Creek/Reston Heights 345,600 390,800 13.1%

104 Village at Autumn Lake 360,400 401,000 11.3%

105 Parkway Village 307,000 345,100 12.4%

106 Hawks Woods 408,700 459,000 12.3%

107 Nesbitt Valley 359,500 400,200 11.3%

108 Ice Age Falls 419,400 475,800 13.4%

109 Country Grove/Ice Age Ridge 427,900 477,900 11.7%

110 Blackhawk/Greystone 748,000 863,400 15.4%

111 Cardinal Glen/Birchwood/1000 Oaks 421,000 473,200 12.4%

112

Linden Park/Pine Hill Farms/Sugar

Maple/Hawks Crossing

431,400 481,500 11.6%

113 Newbury Heights 366,700 410,500 11.9%

114

Hawks Meadow/Hawks Ridge/Hawks

Valley

512,700 567,500 10.7%

115 Eastlawn/Covered Bridge/Rustic Acres 350,600 403,100 15.0%

116 Woods Farm 425,300 489,800 15.2%

117 Southeast Blooming Grove Attachment 254,800 285,400 12.0%

118 Eastland-North Gardens 249,400 281,900 13.0%

119 Nobel Park-Mendota Hills 237,000 283,800 19.7%

120 Lost Creek 331,200 373,600 12.8%

121 Siggel Grove & Quinn Ranch 362,300 407,000 12.3%

122 Secret Places @ Siggelkow Preserve 407,100 461,000 13.2%

123 Bram's Addition 198,900 229,400 15.3%

124 Tamarack 316,100 367,100 16.1%

125*

Acacia Ridge 375,000 421,400 12.4%

126*

Town of Madison 2022 Annexation 321,500

*New subdivision, new construction, or new annexation

City-Wide 376,900$ 424,400$

12.6%

- 13 -

2017 2018 2019 2020 2021 2022 2023

Valuation 269,377 284,868 300,600 315,200 335,200 376,900 424,400

Assessment change

over previous year

5.8% 5.8% 5.5% 4.9% 6.3% 12.4% 12.6%

1 2 3 4

5 6

6,284.42 6,415.14 6,788.66 7,081.74 7,206.12 7,468.41

Tax change over

previous year

2.89% 2.04% 5.50% 4.14% 1.73% 3.51%

Taxes Reflect Lottery Credit

Year Lottery Tax Credit First Dollar Credit

1

2017 138.22 $ 78.98

2

2018 188.18 77.49

3

2019 218.64 78.80

4

2020 193.63 79.01

5

2021 303.13 85.47

6

2022 278.17 84.75

www.cityofmadison.com/assessor

Real Estate Taxes

The following illustrates the increase in assessment and taxes on an average residential

single family property over the last several years. An increase of a certain percentage in

the assessment does not necessarily mean a proportionate increase in the taxes.

Average Assessment and Tax Increases

TABLE 6

This information can be viewed on the City of Madison website at: