Town Tax Incremental Finance (TIF) (s. 60.85)
Territory Amendment Packet
(for parcels that are being added)
A Town tax incremental district (TID) can add parcels only once during the first five years after the Town TID has been created.
These must be completed and submitted to DOR on or before December 31st based on the amendment resolution date. DOR uses the information on these forms to establish the Town TID's amended base value and to verify that proper legal procedures were followed.
| Publications/Forms | Description |
|---|---|
| PE-207T | A Guide to Wisconsin's Tax Increment Law - Creating a Town District (9/08) - has detailed information on required class 2 notices in accordance with ch. 985 of the Wisconsin Statutes. |
| PE-221AT | Town TIF Districts Timeline for Amending Project Plans (9/08) - lays out the steps involved in adopting amended plans. |
| PE-109A | TID Project Plan Amendment Checklist (9/08) - step-by-step list to help you make sure you have completed all the necessary forms and resolutions. |
| PE-605A | Project Plan Amendment - Legal Requirements (9/08) | Fill-in Form |
One set (of the forms listed below) must be completed for creation of each new TID. For your convenience, three different file formats have been provided to complete the TID forms.
- Regular PDF - blank forms that you need to print and then enter the data.
- Fill-in PDF - can enter the data with your computer and then print. The fill-in forms do automatic calculations, but the form with data cannot be saved.
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.
- Excel - has all of the forms in one file. The advantages 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.
| Form Name | Description |
|---|---|
| Excel format | Contains all of the necessary forms. Best practice is to open the workbook, save it to your computer (remember location), and then go offline to complete the forms. |
| PA-480 | Tax Incremental Financing Remittance Fee (8/06 | Fill-In Form |
| PE-601A | TIF Base Year Personal Property List (6/08) | Fill-In Form |
| PE-605A | Project Plan Amendment - Legal Requirements (9/08) | Fill-In Form |
| PE-608 | TID Parcel List Locally Assessable Property (6/08) | Fill-In Form |
| PE-608M | TID Manufacturing Real Property List (7/08) | Fill-In Form |
| PE-608MP | TID Manufacturing Personal Property List (7/08) | Fill-In Form |
| PE-615A | Statement of Assessment (7/08) | Fill-In Form |
| PE-617A | Tax Incremental District Assessor's Final Report Base Year Valuation (9/08) | Fill-In Form |
| PE-619 | TID Parcel List - Municipal Owned Property (7/08) | Fill-In Form |
Please complete and return the appropriate forms for creating a Tax Incremental District 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
For more information contact:
- E-mail - tif@revenue.wi.gov
- Susan Plakus (608) 261-5335
- Mary Lou Clayton (608) 266-5708
Last updated October 29, 2008
