Ricardo Torres
For the last several years, the Foxconn Technology Group has been the largest taxpayer in Racine County. But in 2026 it will be dethroned when Microsoft pays property taxes for massive data centers being developed nearby.
Based on Microsoft’s assessed property value from Racine County, the company's facilities in Mount Pleasant are worth about $1.224 billion, which means its tax bill is $19.75 million.
Microsoft is in the process of building a second data center in Mount Pleasant and has committed to spend roughly $7.3 billion on its development in Racine County.
In 2026, Microsoft's property value will increase as construction continues. The company is also searching for another location, possibly in Racine County, for another data center.
In a statement, a Microsoft spokesperson said: "We believe our data center operations serve as an economic and innovation driver for the region, and we look forward to our continued partnership with the community of southeast Wisconsin to build out that vision."
Across the road, a facility developed and owned by Taiwan-based Foxconn is valued at $514 million with a tax bill of $8.3 million. That's a fraction of the initial investment promised by the tech company when it announced Racine County development plans several years ago.
Foxconn had been the largest taxpayer in the county since 2020 when it paid $5 million on its property assessed at $260 million at the time.
In 2025 Foxconn announced it was planning to add more than 1,300 jobs at its facilities in Mount Pleasant and could get $16 million from Wisconsin taxpayers, according to an agreement with the Wisconsin Economic Development Corp.
With that expansion, Foxconn could receive up to $96 million in state tax credits through 2029.
Milwaukee Journal Sentinel reporter Tom Daykin contributed to this report.
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