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. Email DOR the required TID creation and subtraction documents, plus two appraisals from a licensed appraiser. 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

Requirements/limits

Due date/process


Additional TIF information

For more information, review these webpages:


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