WISCONSIN (WTAQ-WLUK) — Wisconsin homeowners can expect to see another higher than average lottery credit this year.
The estimated $213 average credit, while slightly lower than last year’s average credit of $230, is higher than the 2020 credit of $160 or the 2019 credit of $184.
Wisconsin Department of Revenue Secretary, Peter Barca, says strong lottery sales helped push the average credit above $200 for the second year in a row.
Overall, the Lottery Credit has over $319.8 million available for distribution to Wisconsin homeowners for property taxes levied in 2022.
Since 1988, the Wisconsin Lottery has provided more than $5.1 billion in property tax relief to eligible Wisconsin homeowners. The amount of the credit varies throughout the state depending on the tax rate of the school district.
The Lottery Credit is shown on tax bills as a reduction of 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 counties or municipalities on the fourth Monday in March. The county or municipality receiving the payment settles with overlying taxing jurisdictions.
