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 when a municipality is over the 12 percent limit. The municipal resolution does not need to state the TID meets the 12 percent limit. However, the municipality must meet the 12 percent limit using the appraisal values. The Wisconsin Department of Revenue (DOR) can assist with the limit calculation.

Create a TID and subtract parcels from an existing TID by emailing the required documents and two appraisals from a licensed appraiser to DOR by October 31 of the creation and amendment year. Appraisers are licensed by the Wisconsin Department of Safety and Professional Services.

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

  1. For the parcels in the new TID and
  2. For the parcels being subtracted from the existing TID

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 these webpages:


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