Net New Construction 2013
Division of State and Local Finance
Bureau of Equalization
The Net New Construction Report has final net construction numbers. Counties and municipalities use these numbers for levy limits and the expenditure restraint program.
The report includes:
- Amount of Net New Construction - this amount is New Construction reduced by any demolition or destruction of buildings
- Valuation factor for municipalities and counties - is a percentage arrived at by dividing the Net New Construction by the total 2012 Equalized Value of a municipality or county
What is the difference between the Net New Construction Report and the Statement of Changes in Equalized Values (Report 2)?
Net New Construction Report - reports final net construction numbers that include removal of buildings (demolition) and corrections to the prior year
Statement of Changes in Equalized Values Report - the new construction column reports the total that includes changes to improvement values due to construction of new buildings and other improvements to the land. The land value change in the new construction column is due to higher land utility. The column does not include removal of buildings (demolition) and corrections to the prior year.
- Counties and municipalities use the percentage increase of net new construction as a valuation factor in determining the allowable levy for towns, villages, cities and counties.
- The Department of Revenue (DOR) will post the county and municipal levy limit worksheets in September, 2013.
- Levy Limit Common Questions
Expenditure Restraint Program (ERP):
- Municipalities use the net new construction as a valuation factor in calculating ERP.
- The calculation is 60% of the percentage change in the municipality's equalized value due to net new construction (but no more than 2 percent and no less than 0 percent), plus the Consumer Price Index for the 12 months ending September, 2013.
- Municipalities use the ERP calculation to determine their allowable increase in general fund expenditures for the coming year (2014).
- DOR sends municipalities the Valuation Factor Notice in October, 2013.
Any inquiries concerning the Equalized values should be directed to the appropriate equalization district supervisor listed below.
|MADISON DISTRICT OFFICE (76)
PO BOX 8909 MS 6-301
MADISON WI 53708-8909
Phone: (608) 266-8184
Fax: (608) 267-1355
|Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Jefferson, Lafayette, Marquette, Richland, Rock, Sauk, Vernon|
|MILWAUKEE DISTRICT OFFICE (77)
819 N 6TH ST RM 530
MILWAUKEE WI 53203
Phone: (414) 227-4455
Fax: (414) 227-4071
|Fond du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington, Waukesha|
|EAU CLAIRE DISTRICT (79)
610 GIBSON ST STE 7
EAU CLAIRE WI 54701
Phone: (715) 836-2866
Fax: (715) 836-6690
|Barron, Bayfield, Buffalo, Burnett, Chippewa, Douglas, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin, Pierce, Polk, Rusk, St. Croix, Sawyer, Trempealeau, Washburn|
|WAUSAU DISTRICT OFFICE (80)
730 N THIRD ST
WAUSAU WI 54403-4700
Phone: (715) 842-5885
Fax: (715) 848-1033
|Adams, Ashland, Clark, Iron, Juneau, Langlade, Lincoln, Marathon, Oneida, Portage, Price, Taylor, Vilas, Wood|
|GREEN BAY DISTRICT OFFICE (81)
200 N JEFFERSON ST STE 126
GREEN BAY WI 54301-5100
Phone: (920) 448-5195
Fax: (920) 448-5207
|Brown, Calumet, Door, Florence, Forest, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca, Waushara, Winnebago|
August 14, 2013
Updates were made to the code or formatting on this page as of July 23, 2014. This date does not reflect the effective date or any other date relating to the content of this page.