Wednesday, December 10, 2025

Mt. Pleasant residents will see lower tax rates in 2026 because of net new construction

From The Journal Times.com:

Holly Gilvary

MOUNT PLEASANT — The village tax rate will decrease in 2026 because of the amount of property value added by Mount Pleasant's net new construction in 2025.

The Mount Pleasant Village Board on Monday heard a presentation on the 2025 progress report for the village's Public Works and Community Development departments, during which Village Administrator Tamara Simons showed that Mount Pleasant had the second-highest net new construction value in the state in 2025.

According to the Wisconsin Department of Revenue, Mount Pleasant added more than $996 million in net new construction value in 2025, second to the City of Madison with about $1 billion.

The village tax rate will decrease from 2025's rate of $6.09 per $1,000 to $5.67 in 2026 because of the large property value added by new construction, according to the progress report.

Mount Pleasant Community Development Director Samuel Schultz said the village permitted 930 multi-family housing units this year, a 1,228% increase from last year, as well as 50 single-family homes, a 62% increase from last year.

He added that many development projects that began in 2025 were part of village Tax Increment Districts and that the average return on investment for Mount Pleasant's seven active TIDs is 130.9%.

Staff also highlighted the following work completed by the village in 2025: the Mount Pleasant Sewer Utility and Racine Wastewater Utility building; a 1.7-million-gallon underground storage tank near Chicory Road to contain the flow of water into sewers during heavy storms; the village installing permanent generators at seven village sewer lift stations to keep pipes flowing away from homes, even during power outages; building three miles of sanitary sewer; replacing 1,700 feet of storm sewer along Deerfield Road; and conducting its first tree inventory in 2025, during which the village inventoried 6,200 trees in village parks and rights-of-way.

In other business, the board:

• Approved the following roads in Mount Pleasant to be accepted as public/village roads: Hunter Drive; Independence Road; Rosewood Lane from Spring Street to the south terminus; Hoods Creek Path from Gittings Road to the north terminus; Gwendolyn's Way from Hoods Creek Path to its west terminus; Arden Road from Hoods Creek Path to its west terminus; Arden Road from Hoods Creek Path to its east terminus; and Carrington Boulevard from Spring Street to its south terminus.

Mount Pleasant Community Development Director Samuel Schultz said the village permitted 930 multi-family housing units this year, a 1,228% increase from last year, as well as 50 single-family homes, a 62% increase from last year.

He added that many development projects that began in 2025 were part of village Tax Increment Districts and that the average return on investment for Mount Pleasant's seven active TIDs is 130.9%.

Staff also highlighted the following work completed by the village in 2025: the Mount Pleasant Sewer Utility and Racine Wastewater Utility building; a 1.7-million-gallon underground storage tank near Chicory Road to contain the flow of water into sewers during heavy storms; the village installing permanent generators at seven village sewer lift stations to keep pipes flowing away from homes, even during power outages; building three miles of sanitary sewer; replacing 1,700 feet of storm sewer along Deerfield Road; and conducting its first tree inventory in 2025, during which the village inventoried 6,200 trees in village parks and rights-of-way.

In other business, the board:

• Approved the following roads in Mount Pleasant to be accepted as public/village roads: Hunter Drive; Independence Road; Rosewood Lane from Spring Street to the south terminus; Hoods Creek Path from Gittings Road to the north terminus; Gwendolyn's Way from Hoods Creek Path to its west terminus; Arden Road from Hoods Creek Path to its west terminus; Arden Road from Hoods Creek Path to its east terminus; and Carrington Boulevard from Spring Street to its south terminus.

From: https://journaltimes.com/news/local/government-politics/article_04ccc703-777b-4228-bf3c-2a1ed2b11431.html

No comments: