Municipal Tax Incremental Finance (TIF) (sec. 66.1105(17), Wis. Stats.) Simultaneous Creation and Subtraction

​In specific situations, a municipality may simultaneously create a new Tax Incremental District (TID) and subtract parcels from an existing TID even if the municipality is currently over the 12 percent limit. The municipal resolution does not need to state the TID meets the 12 percent limit.

To create a TID and subtract parcels from an existing TID, email the required TID documents and two appraisals from certified appraisers to the Wisconsin Department of Revenue (DOR). Appraisers are certified by the Wisconsin Department of Safety and Professional Services.

Appraisals must show the taxable property's current fair market value:

  1. In the new TID
  2. Being subtracted from the existing TID

  3. To ensure the 12 percent limit is met when the TID is created, both appraisals must show that the subtracted property value equals or exceeds the new TID's value.

Requirements/limits


Due date/process


Additional TIF information

For more information, review:


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