2023-24 School Levy Tax Credit/Full Disclosure Notices Available Online

November 20, 2023

To:       County Clerks and Treasurers

Cc:       Municipal Clerks and Treasurers

The Wisconsin Department of Revenue (DOR), State and Local Finance Division posted the 2023-24 School Levy Tax Credit (full disclosure) Notices to our website today, November 20, 2023. This information will be used for the December 2023 property tax bills.

For FY23-24, the notices include:

  • School levy tax credit amount your municipality (or county) will receive in May and July 2024
  • 2024 estimated major state aids

Distribution changes for FY24-25

  • 2023 WI Act 19 – created sec. 79.10(7m)(a)(1.a.) and (1.b.), Wis. Stats.
  • FY24 fiscal year – $1,195 million in payments distributed as follows:
    • 940 million – fourth Monday in July 2023 for 2022 property tax levies
    • 255 million– first Monday in May 2024 for 2023 property tax levies
  • FY25 fiscal year – $1,275 million in payments distributed as follows:
    • $940 million – fourth Monday in July 2024 for the 2023 property tax levies
    • $335 million – first Monday in May 2025 for the 2024 property tax levies

In each subsequent fiscal year

  • First Monday in May – DOR will distribute $335 million for the property tax levies of the calendar year immediately preceding the distribution
  • Fourth Monday in July – DOR will distribute $940 million for the property tax levies of the calendar year immediately preceding the distribution

Questions?

Contact us lgs@wisconsin.gov

​