MADISON (WKOW) -- The value of Wisconsin property dropped for the fifth year in a row in 2012, the first time that's happened since World War II.
A new study released Thursday by the Wisconsin Taxpayers Alliance says the value of Wisconsin's homes, businesses, farmland and forests fell 0.8 percent last year, or $3.6 billion.
A Milwaukee Journal Sentinel report says the study shows that the value of the state's properties was about $468 billion last year. That's down from a peak of $514 billion in 2008.
The small decrease since last year may suggest the market has bottomed out and is starting to recover.
Wisconsin Taxpayers Alliance researcher Dale Knapp predicts a leveling out, with an increase next year.
All content © Copyright 2000 - 2013 WorldNow and WKOW. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Program Manager Jessica Miller at 608-661-2794. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.