City/Village Tax Incremental Finance (s. 66.1105)
Boundary Amendment Packet
(for Parcels that have been Subtracted from the TID)
Any active TID can amend boundaries up to four times by subtracting whole parcels that are contiguous to the existing TID boundaries. The value of the subtracted parcels is the same value that was added to the base when the parcels were incorporated into the TID. This is completely different than the way that additional territory amendments parcels are handled. The redetermined base is calculated by subtracting the parcels, at the appropriate equalized value of the year when they first were added.
The Timeline for Amending TIF Project Plans (PE-221A) and the Guide to Wisconsin's Tax Increment Law (PE-207), available below, describe the different kinds of amendments and lays out the steps involved in adopting them. Don't forget to look at Page 2, dealing specifically with Territory Amendments.
The TID Project Plan Amendment Checklist (PE-109S) should be referenced first. This will identify all the materials needed to be submitted to DOR on or before December 31st based on the amendment resolution date. The Department of Revenue uses the information on these forms to establish the TID's amended base value and to verify that the proper legal procedures were followed. A territory amendment subtraction does not immediately reduce the value limitation since increment won't be calculated until the next August 15th equalization date.
For more information contact:
- E-mail - tif@revenue.wi.gov
- Susan Plakus (608) 261-5335
- Mary Lou Clayton (608) 266-5708
Fill-in forms option: Please read the instructions first before using this option. This is not available for all the forms. This option will not electronically file your form.
The fill-in forms do automatic addition calculations on the various total columns.
| Form Name | Description |
|---|---|
| PE-207 | A Guide to Wisconsin's Tax Increment Law (9/06) |
| PE-221A | Time-line for Amending TIF Project Plans (7/06) |
The Project Plan Amendment - Checklist (PE-109S) will identify the forms needed to subtract parcel amendments. Please complete & return the appropriate forms by December 31. Return them to: Wisconsin Department of Revenue, Attn: Equalization Section, Mail Stop 6-97, P.O. Box 8971, Madison, WI 53708-8971 or fax to (608) 264-6897.
| Form Name | Description |
|---|---|
| PE-109S | TID Project Plan Amendment Checklist (9/05) |
| PE-605S | Project Plan Amendment - Legal Requirements (7/05) | Fill-In Form |
For your convenience, we have provided three different format types to complete the TID forms:
- Excel format (that has all the forms in one file)
- Fill-in pdf forms
- The printable blank forms. One set must be completed for the subtraction of parcels from any existing TID.
This Excel format has been created to help our customers. The advantage of the Excel format is:
- You can save the file and work on the forms periodically.
- The completed file can be e-mailed to the Department of Revenue.
- The file does calculations automatically and information can be passed from one page to another.
One set of the following forms must be completed for amendments that subtract parcels from the TID Boundaries, if not using the above Excel file:
| Form Name | Description |
|---|---|
| PA-480 | Tax Incremental Financing Remittance Fee (8/06)| Fill-In Form |
| PE-608S | TID Parcel List Locally Assessable Property (6/05)| Fill-In Form |
| PE-608MS | State Assessed Manufacturing Property - TID Parcel List (8/05) | Fill-In Form |
| PE-608MPS | State Assessed Manufacturing Personal Property (6/05) | Fill-In Form |
| PE-601AS | TIF Base Year Personal Property List (6/05) | Fill-In Form |
| PE-615AS | Statement of Assessment - Tax Incremental District (6/05) | Fill-In Form |
| PE-617AS | Tax Incremental District Assessor's Final Report (10/6) | Fill-In Form |
| PE-619S | TID Parcel list - City owned property (6/05) | Fill-In Form |
Last updated October 26, 2006