Tax Incremental Finance (TIF) - Creation

Secs. 60.85 and 66.1105, Wis. Stats.

  1. What entities can create a Tax Incremental District (TID)?

  2. Can a municipality create one TID in more than one county, or are two separate TIDs required?

  3. Can a TID be in more than one school district?

  4. Can a city, village, or town create a joint TID?

  5. How long does it take to create a new TID?

  6. What documents are required to create a municipal TID?

  7. When is the TID creation deadline?

  8. Does the Planning Commission have to hold a public hearing?

  9. If the Planning Commission is only an advisory board to the municipality and does not have authority to pass resolutions, what should the Planning Commission provide?

  10. If the Planning Commission denies a municipality's proposal to create a new TID, can the local legislative body overrule the Planning Commission and approve the TID?

  11. Do we need to adjust the maps in the project plan if the municipality approves different boundaries than those recommended by the Planning Commission?

  12. Are there requirements for resolution wording?

  13. Is a two-thirds majority required to pass each of the resolutions to create a TID (Planning Commission, local legislative body and Joint Review Board)?

  14. Can the municipality hold one public hearing when several TIDs are being created at the same time?

  15. Can a property owner exclude their property from a TID?

  16. What year is used for the value of parcels in a TID?

  17. Is personal property included in a TID's base value?

  18. What are the TID types?

  19. How does a municipality calculate the percentage of property to determine the TID type?

  20. Where do I find specific information on the different TID types?

  21. What determines the TID's maximum life?

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MS 6-97
Wisconsin Department of Revenue
Office of Technical and Assessment Services
PO Box 8971
Madison, WI 53708-8971
Phone: (608) 266-7750