Wisconsin Supreme Court Rules In Favor of Walgreens

This makes sense.

In a decision that will have a far-reaching impact, the Wisconsin Supreme Court today threw out a common method of assessing property taxes involving the Walgreen Co.

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Madison and the other communities - including Milwaukee, West Allis, Cudahy, Hales Corners, Waukesha and Kenosha in the metro area - have been charging property taxes on the higher lease agreement. The company argued, and the court agreed, that the assessment should be based on market value, which is a lower figure.

The taxes should be based on market value.  Everything else is.  Think of it this way… if your home has dropped in market value by 20% in the past couple of years, do you want to be taxed by the market value or the value upon which your mortgage is based? 

1. Damn that ant-business Loophole Louie!  Oh,wait, he wrote the opinion?  Nevermind…

   Posted by on July 09, 2008 at 0945 hrs




2. Wouldn’t that depend on how long you’ve owned your home? If I bought 29 years ago, I’m pretty confident I’d much much rather be taxed on the value of my mortgage.

   Being taxed on the market value of your home is ridiculous anyway. Just because my house has a much nicer kitchen than say my neighbor therefore I use more, and am charged more for, public education, fire and police, roads, parks, etc? That makes no sense at all!

   Posted by Matt on July 11, 2008 at 1254 hrs