The average lottery credit on Wisconsin property tax bills is $229 – the highest amount ever distributed
MADISON, Wis. (WSAW) – Wisconsin homeowners will notice the lottery and gaming credit on property tax bills is 38% higher than last year.
The estimated credit is $229. The increase is due to lottery sales exceeding estimates. In 2020, the corresponding lottery and gaming credit was $166.
“The lottery credit this year is the highest amount ever certified for distribution in the lottery’s 33-year history,” said Peter Barca, secretary of the Wisconsin Department of Revenue. “This is because the Wisconsin Lottery had a banner year, and the credit returned to owners is based on lottery profits.”
Since 1988, the Wisconsin Lottery has provided more than $4.8 billion in property tax relief to eligible Wisconsin homeowners. The amount of the credit varies statewide depending on the school district’s tax rate.
The lottery credit is shown on tax bills as a reduction in property taxes due. If a taxpayer pays their taxes in two or more installments, the credit is applied to the first installment. The credit is paid by the State to the departments or municipalities on the fourth Monday of March. The county or municipality receiving the payment settles with the overlying tax jurisdictions.
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