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Homeowners in Dane County will soon be paying more to help others find an affordable place to live.
Dane County supervisors this week approved their new $903 million budget for 2025.
One of the centerpieces of the budget is a $30 million program for affordable housing.
There aren’t any details as to just how the money will be spent, or who will benefit from the new affordable homes.
Supervisors are defending the notion of raising taxes on people who already own homes to help pay for people who don’t.
"The 2025 Dane County budget reflects a deep commitment to addressing the housing crisis, prioritizing resources to ensure that affordable stable housing is within reach for every resident," County Supervisor Michelle Doolan said.
Doolan is the chair of the county’s Zoning and Land Regulation Committee.
County supervisors say the new budget includes a property tax increase that will add just under $20 to the cost of owning the average home in Madison.
That average home, by the way, costs about $450,000, and has a total property tax bill of over $3,000.
Dane County’s tax increase is not the only tax hike that people living in Madison will likely see.
The city of Madison is asking for a $22 million property tax increase to pay for day-to-day services.
The Wisconsin Policy Forum said Madison’s referendum would add about $300 in taxes to the cost of that average home.
Then there’s the $600 million tax increase from Madison Metropolitan Schools.
Estimates are the two pieces of the referendum would add at least $364 per-year to the tax costs for the average homeowner in Madison.
The new budget also includes:
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