Act 142 Reminder

October 12, 2022

To: Certified Assessors, Assessor List, Municipal Clerks and Treasurers, County Clerks and Treasurers, Real Property Listers and Registers of Deeds

The Wisconsin Department of Revenue (DOR) would like to remind you 2021 Wisconsin Act 142 requires reporting additional information on Tax Incremental District (TID) net new construction values.

DOR reporting changes

  • 2023 Municipal Assessment Report (MAR) will include new fields for assessors to report:
    • New construction and demolition values for each TID
    • DOR will publish a report of TID net new construction values in fall 2023
    • Attend the 2022 Annual Assessor Meeting for more details
  • 2023 TID Annual Report (form PE-300), posted in 2024, will include:
    • Net new construction values for each year beginning with 2023
    • New construction percentage
    • TID new construction impact on municipal levy