Skip to main content

Reaping new wealth from natural resources in northern Wisconsin

Wisconsin State Roundup

October 1, 2000

Reaping new wealth from natural resources in northern Wisconsin

The natural resource-rich northern part of the state is beginning to harvest the wealth of those resources in a new way. The Wisconsin Department of Revenue recently announced statewide property valuations showing that the state as a whole experienced its single largest increase—$20 billion—ever recorded.

About a third of the state's counties experienced double-digit valuation growth, at least eight of which are northwestern counties located in the Ninth District, including Burnett County, whose 20 percent increase was tops in the state. A Department of Revenue spokesperson attributed the increase in northern counties to demand for vacation homes during a strong economy.

Even more impressive is that these figures include the first year of phase-in for farmland valuation based on actual use rather than market potential. As a result, farmland property values across the state dropped by about one-third over 1999 valuations.