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

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


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