Net New Construction 2008-2009
Division of State and Local Finance
Bureau of Property Tax
The amount of New Construction in the Statement of Changes in Equalized Values (Report 2) only 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 amount of NET New Construction is New Construction reduced by any demolition or destruction of buildings.
The valuation factor for municipalities and counties is the % arrived at by dividing the NET New Construction by the total 2008 Equalized Value of a municipality or county.
The valuation factor in the ERP calculation, which will be used by municipalities to determine allowable increase in their budgets for the coming year (2010) is 60% of this percent or 2% whichever is lower plus the % change in the consumer price index (cpi). The notice of the valuation factor will be mailed to municipalities in November, 2009.
The levy limits in place for towns, villages, cities and counties for 2009 and 2010 include a sunset of December 30, 2010. The levy limit for 2009 will be the higher of 3% or percentage increase of net new construction.
Any inquiries concerning the Equalized values should be directed to the appropriate equalization district supervisor listed below.
| District Supervisor | Counties |
|---|---|
Southern District (76) |
Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Jefferson, Lafayette, Marquette, Richland, Rock, Sauk, Vernon |
| Southeastern District (77) Allan Land Room 530 819 North 6th Street Milwaukee, WI 53203 Phone (414) 227-4455 | E-mail FAX (414) 227-4071 |
Fond du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington, Waukesha |
| Western District (79) Thomas Janssen Suite 7 610 Gibson St. Eau Claire, WI 54701 Phone (715) 836-2866 | E-mail 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 |
| North Central District (80) Albert Romportl 710 Third St. Wausau, WI 54403-4700 Phone (715) 842-5885 | E-mail FAX (715) 848-1033 |
Adams, Ashland, Clark, Iron, Juneau, Langlade, Lincoln, Marathon, Oneida, Portage, Price, Taylor, Vilas, Wood |
Lake Michigan District (81) |
Brown, Calumet, Door, Florence, Forest, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca, Waushara, Winnebago |
Last updated August 14, 2009