Tax Incremental Financing (TIF) Value Limitation Report

​Use this report to review values and increments of Tax Incremental District(s) (TIDs) to determine whether a municipality can create a TID or add parcels to an existing TID. Under state law, (sec. 66.1105(4)(gm)4.c., Wis. Stats.) a municipality cannot create a TID or add parcels to an existing TID when the total value of its TIDs exceeds a specific percentage.

Report includes

  • Current value of each TID and municipal total
  • Current increment value of each TID and municipal total
  • Total current municipal equalized value
  • Value Limit Percentage

Report Column definitions

  • Municipality – city, village or town with active TIDs
  • TID Co-Muni Code – county municipal code where TID is located
  • TID No. – number assigned to a TID by the municipality
  • Base Year – TID creation year
  • TID Current Value – Equalized value total of all property within the TID for the current year
  • TID Value Increment – calculated by subtracting the TID base value from the TID current value
    • Property taxes collected on the value increment are used to pay eligible TID project costs
    • Negative increment is considered zero, generating no revenue to the TID
  • Total Municipal Equalized Value – DOR's determination of the full value of the taxable property in the municipality
  • 5% Test
    • For TIDs created under sec. 60.85, Wis. Stats.
    • District's equalized value plus the value increment of all existing districts in the town cannot exceed 5 percent of the town's total Equalized Value
  • 7% Test
    • For TIDs created under sec. 60.85, Wis. Stats.
    • District's equalized value plus current Equalized Value of all existing districts in the town cannot exceed 7 percent of the town's total Equalized Value
  • 12% Test
    • For TIDs created under 66.1105, Wis. Stats.
    • District's equalized value plus the value increment of all existing districts in the municipality cannot exceed 12 percent of the municipality's total Equalized Value

TIF Value Limitation Reports


FOR QUESTIONS OR COMMENTS CONTACT:

MS 6-97
WISCONSIN DEPARTMENT OF REVENUE
Office of Technical and Assessment Services
PO Box 8971
Madison, WI 53708-8971
Phone: (608) 266-7750
Email additional questions to ​tif@wisconsin.gov