Wisconsin continues to improve its position among states when taxes as a share of personal income are compared, a new report by the Wisconsin Policy Forum shows.
State and local taxes took up 10.3% of the personal income of Wisconsin residents in 2017, the latest data available from the U.S. Census Bureau. Although that was more than 10.2% in 2016, Wisconsin still moved down three notches on the list of the states taking the biggest tax bite out of personal income, to 19th from 16th a year earlier.
Looking back 20 years, state and local taxes as a percentage of income have dropped more than 2% in Wisconsin, the report by the nonpartisan Wisconsin Policy Forum noted. The state was ranked as the seventh-highest for state and local taxes in 1997, at 12.4%.
Property taxes by municipalities, schools, counties and other local government units represent the single largest tax in the state at 3.5% of personal income. State individual income tax was next at 2.8%.