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Lottery credit gives homeowners tax break

Even if you didn’t hit the big payday, homeowners across Wisconsin will get some money thanks to the success of the state’s lottery. Wisconsin Department of Revenue Secretary Peter Barca announced on Wednesday that homeowners in the state would receive an approximate $213 credit on their property tax bill. That adds up to nearly $320 million in property tax relief in 2022. The exact amount depends on the tax rate for the school district you live in. The credit is less than the $230 credit homeowners received last year but more than what was given in 2018 and 2019. Barca pointed to strong lottery sales for the high average lottery credit. The buying binge was likely sparked by two of the largest lottery jackpots in the nation’s history: the November 2022 Powerball drawing of $2.04 billion and the July 2022 drawing of $1.34 billion.

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