Property Tax Relief Credits

 

Property Tax Relief Credits

  1. What types of property tax credits are available in Wisconsin?
  2. What credits are directly applied to a property tax bill?
  3. What credits can be taken on an income tax return?
  4. Are there other programs to assist with paying property taxes?

 


Property Tax Relief Credits

  1. What types of property tax credits are available in Wisconsin?

    A property owner may be entitled to several different types of credits.

    • Wisconsin has credits that are applied directly to a property tax bill if the property or owner qualifies and/or applies for the credit.
    • Wisconsin also has income tax credits designed to help offset property taxes. These credits are available for qualifying property owners when they complete their Wisconsin income tax return.
    • Some home owners may qualify for special loans to help pay property taxes.

  2. What credits are directly applied to a property tax bill?

    • A Wisconsin property used as the owner's primary residence may qualify for a Lottery and Gaming credit. Go to: http://www.revenue.wi.gov/faqs/slf/lottcr.html for more information regarding the Lottery and Gaming Credit. The amount of this credit (if provided) is printed under the “Total” taxes due line and just above the “Net Property Tax” line on the property tax bill.
    • If there is a real property improvement on the land, the property qualifies for the First Dollar Credit. Go to: http://www.revenue.wi.gov/faqs/slf/fdolcred.html for more information on the First Dollar Credit. The amount of this credit (if provided) is printed under the “Total” taxes due and just above the "Net Property Tax" line on the property tax bill.
    • All taxable real property in Wisconsin qualifies for the School Levy Tax Credit. The amount of this credit is shown on the property tax bill in the box just under the Net Assessed Value Rate.
    • For more information regarding property tax credits listed on the property tax bill, contact the Department of Revenue at lgs@revenue.wi.gov or (608) 266-0772.

  3. What credits can be taken on an income tax return?

    The following tax credits are available to qualifying filers of Wisconsin income tax returns. To determine if you qualify, review the applicable Wisconsin income tax return instructions and the frequently asked questions (FAQs), for those credits with a FAQ link below, before contacting the agency responsible for the credit.

  4. Are there other programs to assist with paying property taxes?

    Wisconsin Housing and Economic Development Authority (WHEDA) provide property tax deferral loans for the elderly. Contact WHEDA at: 1-800-755-7835; PO Box 1728, Madison WI 53701-1728 for more information.

 

FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Local Government Services Bureau
P.O. Box 8971, MS 6-97
Madison, WI 53708-8971
Fax: (608) 264-6887
Email additional questions to lgs@revenue.wi.gov

January 4, 2011