Net New Construction

  1. What is "net new construction?"

  2. When it is calculated, does net new construction include or exclude property in tax incremental financing (TIF) districts?

  3. How does the Wisconsin Department of Revenue (DOR) use net new construction?

  4. Does DOR use net new construction for other calculations?

  1. What is "net new construction?"

    • DOR's Equalization Bureau calculates net new construction each year
    • It includes changes to equalized value due to new building construction and land improvements minus changes to equalized value due to the demolition/destruction of buildings and removal of land improvements
    • Net new construction amount for each county and municipality is located at: revenue.wi.gov/Pages/EQU/nnc.aspx

  2. When it is calculated, does net new construction include or exclude property in tax incremental financing (TIF) districts?

    Net new construction is calculated based on all taxable property in a municipality or county, including property in TIFs.

  3. How does the Wisconsin Department of Revenue (DOR) use net new construction?

    DOR uses net new construction as part of the county and municipal levy limits.

  4. Does DOR use net new construction for other calculations?

    Yes. DOR uses net new construction to determine the allowable increase in spending under the expenditure restraint program.

​FOR MORE INFORMATION PLEASE CONTACT:

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

​August 28, 2017