Lottery credit lowers tax bill for Wisconsin homeowners

Wisconsin homeowners may have noticed a slight break on their tax bills.

The lottery credit has resulted in an average reduction of $161 per taxpayer.

If an owner pays their taxes in two or more installments, the credit is applied to the first installment. It appears as the Lottery Credit on tax bills.

The credit is paid by the state to counties or municipalities on the fourth Monday in March.

The money comes from Wisconsin lottery revenue. According to the state’s Department of Revenue, 93 percent of money that goes into the lottery comes back out to winners, retailers and homeowners in the form of the tax credit.

Overall, the credit distributed more than $237 million to Wisconsin homeowners in 2020. Since 1988, the Lottery has provided more than $4.8 billion in property tax relief.