Tax Incremental Finance (TIF) - Municipal-Owned Property

Secs. 60.23(32), 60.85, 66.1105, and 66.1106, Wis. Stats.

  1. Is municipal-owned property included in the Tax Incremental District (TID) base value?

  2. Which TID form do we use to enter the municipal-owned property?

  3. Should municipal-owned property be valued according to its exempt classification or at its value before it was purchased by the municipality?

  4. Does a territory addition amendment include the prior year value for municipal property purchased within a year prior to the municipal resolution?

  5. What if the municipality purchased property within one year before the TID creation but the property was exempt before the purchase? What amount is included in the TID base value?

  6. In a mixed-use TID, is municipal-owned exempt property (park/cemetery) included when determining the 35% newly-platted residential limitation in a mixed-use TID?

  7. Can a municipality purchase property and then create a TID for that property?

​​Contact Us

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