Report Information
|
---|
Use this report to determine whether a municipality can create a TID or add parcels to an existing TID. Under state law (sec. 66.1105(4)(gm)4.c., or 60.85(3)(h)5.d., Wis. Stats.), a municipality cannot create a TID or add parcels to an existing TID when the total value of its TIDs exceeds a specific percentage. |
Report includes - Current value of each TID and municipal total
- Current increment value of each TID and municipal total
- Total current municipal equalized value
- Value limit percentage
|
Report column definitions -
Municipality – city, village or town with active TIDs
-
TID Co-muni Code – county municipal code where TID is located
-
TID No. – number assigned to a TID by the municipality
-
Base Year – TID creation year
-
TID Current Value – Equalized value total of all property within the TID for the current year
-
TID Value Increment – calculated by subtracting the TID base value from the TID current value
- Property taxes collected on the value increment are used to pay eligible TID project costs
- Negative increment is considered zero, generating no revenue for the TID
-
Total Municipal Equalized Value – DOR's determination of the full value of the taxable property in the municipality
-
5% Test
- For TIDs created under sec.
60.85, Wis. Stats.
- District's equalized value plus the value increment of all existing districts in the town cannot exceed 5% of the town's total equalized value
-
7% Test
- For TIDs created under sec.
60.85, Wis. Stats.
- District's equalized value plus current equalized value of all existing districts in the town cannot exceed 7% of the town's total equalized value
-
12% Test
- For TIDs created under sec.
66.1105, Wis. Stats.
- District's equalized value plus the value increment of all existing districts in the municipality cannot exceed 12% of the municipality's total equalized value
|
Contact Us
MS 6-97
Wisconsin Department of Revenue
Office of Technical and Assessment Services
PO Box 8971
Madison, WI 53708-8971
Phone: (608) 266-7750
Email: tif@wisconsin.gov