Town Tax Incremental Finance (TIF) (sec. 60.85, Wis. Stats.) Amendment

Under state law (sec. 60.85, Wis. Stats.), towns have limited authority when creating a Tax Incremental District (TID). Municipalities may amend the district in two ways - by amending the project plan or adding territory.

Project Plan Amendment

Under a Project Plan Amendment, a municipality may add project costs not included in the original plan. This does not affect the period, base value or the TID's maximum life.

Due date/process

  • Use the "Attach Documents" button below to email the required form and supporting documents to the Wisconsin Department of Revenue (DOR) by December 31
  • DOR certifies project plan amendments upon receipt of the municipality's form and supporting documents

Forms
PE-605AProject Plan and Allocation Amendment - legal requirements

Attach Documents

Select "Attach Documents" to email your TID documents




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


Territory Amendment

A municipality may add territory only once during the TID's first five years. The value of the new parcels is added to the original base.

Due date/process

  • If the municipal resolution is adopted by September 30, use the "Attach Documents" button below to email DOR the required forms and supporting documents by December 31
  • A municipality amends a TID by including additional parcels' equalized values in the existing base value
  • DOR certifies the amended base value after January 1 of the year following the amendment
  • TIF Fee – after your municipality notifies DOR that it amended a TID, DOR posts a bill in My Tax Account

Forms
PE-605TTID Territory Amendment - legal requirements
Base Value WorkbookThis Excel workbook contains all the necessary forms to document the property and taxing jurisdictions affected by the TID. For best results, open the workbook, save it to your computer and then complete the forms.

Attach Documents

Select "Attach Documents" to email your TID documents




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

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