Due Today – Form PA-551: 2023 Personal Property Value Report

July 1, 2024

To: Municipal Clerks
Cc: Assessors, Municipal Treasurers
County Treasurers and Real Property Listers

The Wisconsin Department of Revenue (DOR), State and Local Finance Division would like to remind you of today's filing deadline for the 2023 Personal Property Value Report (Form PA-551).

Form PA-551: 2023 Personal Property Value Report

Penalty for late filing

  • Municipal clerk e-files through MyDORGov
  • Each municipality must report the 2023 locally assessed personal property values
    • Confirm the 2023 locally assessed personal property values for your TID and non-TID parcels with your assessor and remove any amounts shifting to the real property roll
  • The reported values will be used to calculate the 2025 personal property aid estimates (sec. 79.0965, Wis. Stats.), as a result of 2023 Wisconsin Act 12 personal property tax exemption

Non-filer penalty

Under state law, if a municipality does not file by:
  • July 1, 2024 – the municipality's 2025 Act 12 personal property aid payment is reduced by 25%
  • July 15, 2024 – the municipality forfeits their 2025 Act 12 personal property aid payment and DOR will use the best information available to calculate the appropriate aid payments for the applicable taxing jurisdictions

Non-filer list

As of today, July 1, 2024, there are 58 municipalities that still need to file this report (see PA-551 Non-filer Report)
  • If your municipality is on the non-filer list and you think your form was already submitted, verify your submission
  • Go to MyDORGov to see the report's filing status – on the "form filing" page, check the "Filing Status" column for that form
  • Reminder: To file the report, you must click "Submit" on the left blue panel within the report

Resources – to aid in filing PA-551:

View examples in the form instructions:
  • DOR posted a blank PA-551 to view
  • Use the following 2023 reports:
    • Personal property assessment roll
    • Statement of personal property assessments
    • Note: The above reports are generated from your assessor's software and may be labeled "2023 statement of personal property assessments" or "2023 personal property valuation summary"

Before completing PA-551, view:

Questions?

Contact us at lgs@wisconsin.gov​