Tax Incremental Finance (TIF) - Value Limit

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

  1. What is the Equalized Value limit?

  2. What role does the August 15th TIF Value Limitation Report have in determining the 12 percent limit?

  3. If a Tax Incremental District (TID) has parcels in more than one county, is the value limit calculation separated by county?

  4. In calculating the 12 percent limit for creating a TID or adding parcels to an existing TID, does the municipality include the increment for a terminated district?

  5. Are overlapped parcel values included in the 12 percent limit calculation?

  6. Can a municipality create a new TID with a zero base value if the municipality's existing TIDs already exceed the 12 percent limit?

  7. If a municipality is creating multiple TIDs in the same year, and all the TIDs are under 12 percent individually but collectively exceed the limit, can the TIDs be created?

  8. Does the 12 percent limit apply to territory amendments (adding/subtracting parcels), or does it only apply when a municipality is creating a new Tax Incremental District (TID)?

  9. When a municipality amends an existing TID to add and subtract parcels, how does the 12 percent limit apply?

  10. Can a municipality amend a project plan to add projects when the municipality is over the 12 percent limit?

  11. When a municipality amends a TID using simultaneous creation and subtraction, how does the 12 percent limit apply?

  12. Does the 12 percent value limit apply to Town TIDs created under state law (sec. 60.85, Wis. Stats.)?

  13. Does the 12 percent value limit apply to Environmental Remediation (ER) TIDs created under state law (sec. 66.1105, Wis. Stats.)?

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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