April 19, 2024

To: Municipal Clerks, Assessors

Cc: Municipal Treasurers
County Clerks, Treasurers, Real Property Listers

The Wisconsin Department of Revenue, State and Local Finance Division would like to remind you to file Form PA-551: 2023 Personal Property Value Report, available on our website​.

To aid you in filing, we:

• Added an examples section to the form instructions
• Posted a blank PA-551 to view

General Information

• Due date – July 1, 2024
• Municipal clerk e-files Form PA-551 through MyDORGov
• Each municipality must report the 2023 locally assessed personal property values
  • Confirm the 2023 locally assessed personal property values for your TID and non-TID parcels with your assessor
  • Make sure to remove any amounts shifting to the real property roll

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"
• The reported values will be used to calculate the 2025 personal property aid estimates (sec. 79.0965, Wis. Stats.), as a result of 2023 Wisconsin Act 12 personal property tax exemption

Resources – review before completing the form

• Blank PA-551 form
• Common questions
• Form instructions – updated to include examples

Questions?

Contact us at lgs@wisconsin.gov.