Property Taxes and Insurance: What’s New in 2026

As we step into 2026, Wisconsin homeowners are seeing a few important shifts in property taxes and insurance that could impact monthly budgets, escrow accounts, and long-term homeownership costs. Understanding what’s changing, and planning ahead, can help you avoid surprises and stay financially confident all year long.

Why These Changes Matter

Property taxes and homeowners insurance are two key components of your total housing expense. Even small increases can affect your monthly payment or how much you need to set aside if you don’t escrow. Getting ahead of these changes ensures your mortgage still aligns with your financial goals.

1. Property Tax Adjustments for 2026

Across many Wisconsin communities, including right here in the Fox Cities, municipalities are responding to rising service costs, school funding needs, and continued property value growth.

Here’s what many homeowners may notice:

• Modest tax rate increases tied to rising home values
• New assessments in select municipalities based on updated market conditions
• Potential shifts in school district levies and local municipal budgets

Tip: If your city recently completed a reassessment, review the notice carefully. Higher assessed value ≠ higher taxes automatically, but it can impact your bill if your home increased more than the community average. If you believe your assessment is inaccurate, explore appeals and exemptions available to homeowners. Many municipalities offer formal appeal processes and exemptions for seniors, veterans, or those with qualifying circumstances.

2. Homeowners Insurance Premiums Are Rising

Like much of the Midwest, Wisconsin is experiencing:

• Higher repair and reconstruction costs
• Increased claims related to severe weather
• Inflation in materials and labor

As a result, many insurers have raised premiums for 2026. Some policyholders may also see adjusted deductibles or updated replacement cost estimates.

What to do now:

• Request a policy review to confirm your coverage reflects your home’s true replacement value
• Ask about bundling or loyalty discounts
• Consider increasing your deductible if appropriate for your budget
• Compare coverage options versus price, sometimes a lower premium means less coverage or higher out-of-pocket costs. Weigh the trade-offs carefully to find the right balance for your needs.

3. Check Your Escrow Account Early in the Year

If you escrow taxes and insurance, changes in 2026 will adjust your monthly mortgage payment. A quick review can help you:

• Avoid an unexpected escrow shortage
• Plan ahead for any payment adjustments
• Make a one-time contribution if needed

4. How to Plan Ahead for 2026

Here are a few smart steps:

• Build or refresh your home maintenance fund
• Set aside a little extra each month if you anticipate increases
• Review your insurance before renewal season
• Keep documentation for upgrades, these can impact both insurance value and assessments
• Review your annual escrow analysis provided by your lender to ensure amounts are correct and prepare for any monthly payment increases/decreases.  ANB sends these out via mail in early February with payments adjusting on the March payment.

Stay Confident in 2026

Property taxes and insurance may be rising, but with a little planning, you can stay on track. If you’d like help reviewing your escrow, exploring refinancing options, or building a long-term equity strategy, I’m here to guide you.