I
n 2025, Door County’s total equalized real‑estate value hit a record $15,185,993,800, up 12 % from 2024 and following a 9.7 % rise the year before. The trend began in 2021, when the term “unprecedented” entered the conversation after a $1.5 billion jump in equalized values. 2022 added another $2.2 billion, breaking previous records. 2024’s growth slowed to $1.2 billion, but 2025 rebounded with a $1.65 billion increase.

    These figures come from the Wisconsin Department of Revenue’s annual Equalized Values Report, issued each August. Equalized value represents the market price of all taxable property from Aug. 15 of the current year to Aug. 14 of the next, covering residential, commercial, manufacturing, agricultural, undeveloped, ag‑forest, and forest land. It differs from assessed value, which local assessors estimate; municipalities use assessed values for taxes, while the state relies on equalized values to maintain a uniform standard across all jurisdictions.

    Statewide, equalized real‑estate values rose 8.6 % in 2025, reaching $982,817,813,400, with residential properties accounting for 73.7 % of the total.

    Within Door County, growth varied by municipality type:

    - Villages (Egg Harbor, Ephraim, Forestville, Sister Bay) combined at $2,418,374,000, up 9 % from 2024.

    - Towns (excluding the villages and Sturgeon Bay) totaled $10,969,693,800, a 13 % increase.

    - The City of Sturgeon Bay reached $1,797,926,000, up 12 %.