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:
- For the parcels in the new TID and
- 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.
- New TID and the existing TID subtracting parcels must be in the same municipality
- Only one TID in a municipality can be created under state law (sec. 66.1105(17), Wis. Stats.)
- Municipal creation and amendment resolutions must be adopted by September 30 of the creation and amendment year
TIF Fee – after a municipality notifies DOR it simultaneously created a TID and amended a TID, DOR posts a bill in
My Tax Account
- DOR certifies base values after January 1 of the year following the creation and amendment
Additional TIF information
For more information, review these webpages:
FOR QUESTIONS OR COMMENTS CONTACT:
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 email@example.com