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The tax is back! (And it’s still a bad idea)

4/24/2019

 
THE AGENDA: Legislative update
by Steve Baas - Senior VP of Government Affairs

After failing in their attempts to pass a business property tax hike last year, a coalition of legislators is back to try again this year. The so-called “Dark Store” bills they are pushing would empower local municipal assessors to double-tax businesses by allowing business value and profitability (which is already taxed by the state) to be included in the assessed value of their real estate for property tax purposes as well.
 
This tax assessor empowerment act is being pushed in the name of prohibiting businesses from lowering their property tax assessments by comparing new buildings with vacant or dilapidated properties. That justification is a myth, however, since such apples to oranges comparisons are already prohibited by state law.

Over the past decade, commercial and manufacturing property owners in Wisconsin have seen a more than 2 percent increase of their share of the statewide property tax burden, while residential homeowners have seen a reduction in their share of the tax burden. MMAC will continue its fight against this proposed business property tax again this session. Now is no time to be giving local tax assessors more tools to burden the businesses that fuel their local economies.

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  • JOIN
  • Membership
    • The benefits of joining
    • Member directory >
      • Member Spotlights
      • Talent Solutions Directory
    • What we do >
      • Talent >
        • Ranking Milwaukee County Schools
        • Education recommendations
        • Technology Education & Literacy in Schools (TEALS)
        • Career-based learning experiences
      • Growth
      • Livability
      • Equity
      • Peer metro comparison
    • Cost saving programs >
      • Health insurance plan
      • Office supply discount program
    • Events >
      • 2021 All Member Meeting
      • Diversity, Equity & Inclusion Summit
      • Talent Solution Series
      • Emerging Leaders Series
      • Global Business Insights Series
      • Member Orientation
      • Replay: The Business of MKE Series
      • Replay: Race Bridge Series
    • For members only >
      • Fall 2022 Impact Report
      • Sponsorship
      • Advertising
    • Need more info?
  • Networks
    • Leadership Council
    • President's Huddle
    • Executive roundtable program
    • FUEL Milwaukee for young professionals
    • Future 50 Awards Program
    • Networking Forum for referrals
    • Region of Choice Initiative
    • Roundtables for high-growth companies
    • World Trade Association
  • Advocacy
    • 2021-2022 Legislative Scorecard >
      • Senate Votes
      • Assembly Votes
    • Recent Legislative Wins
    • Funding Local Governments
    • Miller Park economic impact study
    • Wisconsin State Legislature
    • K-12 Education Recommendations
  • Economic Development
    • Milwaukee 7 Partnership for Economic Development
    • MKE Venture Mentoring Service
    • Milwaukee Development Corp. >
      • Rebuild & Revitalize Program
    • Milwaukee Urban Strategic Investment Corp. (MUSIC)
    • Milwaukee EB-5 Visa program
    • Starting a business >
      • BizStarts
      • New business planning guide
  • Metro MKE
    • 2023 Navigate Business MKE
    • Business outlook survey
    • Economic trends
    • Local media listings
    • Major employers in metro Milwaukee
    • Metro Milwaukee demographics
    • Order a publication
    • Relocating a business
  • About
    • Board of directors
    • Career Opportunities at MMAC
    • Staff
    • Milwaukee Commerce magazine
    • Press releases
    • Members of the media >
      • Recent Media Coverage
    • Scholarships for minority students