Tax Incremental Finance (TIF) - Municipal-Owned Property

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

  2. What TID form do we enter the municipal-owned property on and file with the Wisconsin Department of Revenue (DOR)?

  3. What types of municipal-owned property and values do we enter on Form PE-619?

  4. Can municipal-owned exempt property (park/cemetery) be used in 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?

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

    As of October 1, 2015, any municipal-owned property is excluded from the base value.

  2. What TID form do we enter the municipal-owned property on and file with the Wisconsin Department of Revenue (DOR)?

    Use Form PE-619 to enter all the TID's municipal-owned property by parcel number and submit the completed form to DOR.

  3. What types of municipal-owned property and values do we enter on Form PE-619?

    List the municipal-owned parcel numbers in the TID and leave the values and current use fields blank.

  4. Can municipal-owned exempt property (park/cemetery) be used in determining the 35 percent newly-platted residential limitation in a mixed-use TID?

    No. Parks/cemeteries are exempt and not taxable. You should exclude this exempt acreage when justifying the calculation of the 35 percent by area.

    Under state law (sec.66.1105(2)(h), Wis. Stats.), "real property" includes all taxable real and personal property defined in secs. 70.03 and 70.04, Wis. Stats. When calculating the percentage of newly-platted residential, do not include parks and cemeteries since these parcels are not taxable.

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

    Yes. However, under state law (sec. 66.1105(5)(e) Wis. Stats.), any property the municipality purchases within one year before the TID's creation must be treated as if the sale did not occur, unless the municipality can prove it acquired the property for a reason other than reducing the TID's base value.

FOR MORE INFORMATION PLEASE CONTACT:

MS 6-97
WISCONSIN DEPARTMENT OF REVENUE
Office of Technical and Assessment Services
PO Box 8971
Madison, WI 53708-8971
Phone: (608) 261-5335 or (608) 266-5708
Email additional questions to ​tif@wisconsin.gov

​July 13, 2017