Municipal Tax Incremental Finance (TIF) (Sec. 66.1105, Wis. Stats.) Territory Subtraction Amendment (subtracting parcels)

A municipality may amend the boundaries of an active Tax Incremental District (TID) up to four times (sec. 66.1105(4)(h)2.,Wis. Stats.) by subtracting whole parcels. The TID must remain contiguous after parcels are subtracted. A municipality may also add and subtract parcels through one process.

Territory Subtraction Workbook

  • List the subtracted parcels with the value at the time the parcels became part of the TID
  • If subtracted parcels entered the TID in different years, create a new tab within the Territory Subtraction Workbook (Excel) for each year

Due date/process


Forms
PE-605TTID Territory Amendment - Legal Requirements
Territory Subtraction WorkbookThis Excel workbook contains all the necessary forms to document the property subtracted from the TID. For best results, open the workbook, save it to your computer and then complete the forms.

Publications/Information
TID Checklist - required forms to complete and documents to provide
TIF Public Notices – information on public notices
Resolution Checklist – required resolution information
Guidelines for Project Plans – required project plan information
TIF Manual – TIF reference guide

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