March 4, 2024

To: TIF/TID List, Municipal Clerks and Treasurers

The Wisconsin Department of Revenue (DOR), State and Local Finance Division posted the 2023 Tax Incremental District (TID) Annual Report (PE-300) on our website.

Report Information

• Due date – July 1, 2024
  • Municipal clerk must e-file through MyDORGov
  • After submitting the report, you can amend it until November 1, 2024
• DOR posts completed forms to the TID Annual Report web page the day after submission.

  Note: Since DOR does not audit forms before posting, make sure to review yours before

Form PA-551

• Review the following 2023 reports to complete all Form PA-551 sections:
  • Personal property assessment roll
  • Statement of personal property assessments
  • Note: The above reports are generated from your assessor's software and may be labeled "2023 statement of personal property assessments" or "2023 personal property valuation summary"
• For each TID, you must enter:
  • Beginning and ending fiscal balances
  • Revenues and expenditures
  • Future costs and revenue

New Section Added – TID Net New Construction

This section was added to collect additional information due to 2021 Wisconsin Act 142 and 2023 Wisconsin Act 12.

• This information auto-fills:
  • TID new construction increase and decrease, and net new construction values
  • Net new construction percentage
  • Allowable levy increase due to net new construction
• Provide the actual levy increase due to TID net new construction. This is for reporting purposes only. It does not affect the calculations on the Levy Limit Worksheet.

  Details:

  • Enter amount for the entire municipality (all counties)
    • Amount can be zero. It cannot be greater than the "Allowable Levy Increase Attributable to TID Net New Construction."
    • Note: When the municipality's allowable levy increase due to TID net new construction is negative or zero, zero is auto-filled and cannot be changed
  • Determine the actual levy increase due to TID net new construction
    • Review how much your municipality levied in the prior year, located on:
      • Local property tax levy portion of your Mill Rate Worksheet
      • Local levy reported in Sec. C, Line 8 of the Statement of Taxes
    • On the municipality's Levy Limit Worksheet:
      • Review other levy limit adjustments and determine how much of the allowable levy increase due to TID net new construction was levied by your municipality
      • If your municipality levied an amount greater than or equal to Line 10 (or Line 11, if applicable), enter the entire amount of the allowable levy increase due to TID net new construction
      • If your municipality levied an amount less than Line 10 (or Line 11, if applicable), you must determine what portion of the allowable levy increase due to TID net new construction, if any, was used
  • If there are multiple TIDs, the number you enter on the first report filed auto-fills on each subsequent annual report

Questions?

• Help is available within the form
  • Click the green help symbol (?) next to a field name for more information on that field
  • Review the right panel for additional instructions
• Contact us at tif@wisconsin.gov