Drop in Property Values for 5 Years in a Row: It Hasn't Happened in Wisconsin Since Kitty Kallen Sang This #1 Hit

Value of Wisconsin property drops for fifth consecutive year. (Milwaukee Journal Sentinel, 8/28/2013)

First the bad news. The report to be released Thursday by the Wisconsin Taxpayers Alliance shows that the total value of the state's properties dropped to $467.5 billion from $471.1 billion last year, marking the first five-year period since World War II that property values have declined each year.

Now the good news.  The study draws on state figures from Jan. 1, so it doesn't reflect the recent uptick in housing sales and prices.

Fifth (and final?) year for property value decline. (Wisconsin Taxpayers Alliance, 8/22/2013)

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Related posts:
The Flint Public Library Continues to Experience the Double Whammy of Declining Property Values and Reduced Tax Revenues.  (8/4/2013)
Decatur Illinois & the double whammy of falling home values and reduced tax revenue.  (6/4/2013)
Reduced state aid and decreasing property values a double whammy for Shawano School District.  (10/19/2012)
Greater St. Croix Valley equalized property values show double-digit decline since 2008. (8/22/2012)
Wisconsin Department of Revenue: Statement of changes in equalized property values - preliminary 2012 report. (8/7/2012)
The Atlanta housing meltdown continues.  (2/2/2012)
Wisconsin Property Values Drop for 3rd Consecutive Year. (9/26/2011)
The Property Tax Domino Effect (Atlanta Metro Area)  (12/27/2010)
On the basis of this trend, urban libraries will certainly be tightening their belts again next year.  (12/26/2010)
National League of Cities Research Brief on America's Cities. (10/7/2010)