Tax Incremental Finance (TIF) - Territory Amendments

Secs. 60.85 and 66.1105, Wis. Stats.

  1. How many times can a municipality amend a project plan to change boundaries?

  2. How does a subtraction amendment differ from an addition amendment?

  3. Does all property in a boundary amendment have to be in the same area?

  4. If a municipality adds territory to a TID, does the total area of the TID (original parcels and added parcels) have to meet the 50 percent minimum property type based on its original TID type?

  5. What should the map and the metes and bounds (boundary legal description) show in a Territory Amendment?

  6. Can a municipality discuss multiple amendments (to update projects, add/subtract territory, allocate to another TID) at the same public hearing?

  7. Can a municipality complete a territory addition amendment and update the project plan with new projects at the same time?

  8. Does the TID's base value of existing parcels change when territory is added?

  9. Does adding territory affect the TID expenditure period?

  10. Does a municipality need to notify owners of blighted property prior to an amendment hearing?

  11. Can a municipality amend the boundaries of a distressed or severely distressed TID?

  12. If the municipality adds territory to an existing TID, does the TID include the new territory's personal property and personal property value in the base?

  13. If a municipality is over the 12 percent value limit, can the municipality add and subtract territory simultaneously?


Certification statement


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