Personal Property Exemption Common Questions Available Online

​September 19, 2023

To:All SLF Customers

The Wisconsin Department of Revenue (DOR) posted a set of common questions on our website for implementing 2023 Wisconsin Act 12 specific to the exemption of personal property, which is effective January 1, 2024

We encourage you to share the information with those who have:

  • 2023 personal property assessments
  • Real property assessed as personal property for 2023 that will remain taxable for 2024.

Com​mon questions include information on:

  • Sec. 70.111(28), Wis. Stats. exempts personal property for 2024
  • Real property that was assessed as personal property for 2023 and will remain taxable as real property for 2024
  • Assessors will list and value all buildings, improvements and fixtures on the parcel where located
  • A separate assessment and tax bill for the land and any buildings on the land will require action by a property owner (land/building) to create separate parcels
    • Real Property Listers Association, County Treasurers Association, Register of Deeds (ROD) Association, Wisconsin Land Title Association, and the State Bar of Wisconsin are working together on a standard document to record with the ROD for the separate building/improvement parcel process.
    • DOR will provide an announcement when the document is available
    • Contact the Real Property Lister where the property is located if a separate parcel is needed before the document is available

Questions?

WI Act 12 Information – provides topical contact information

​