October 3, 2024
To: TIF/TID List, Municipal Clerks and Treasurers
The Wisconsin Department of Revenue (DOR), State and Local Finance Division is reminding municipalities of an upcoming deadline.
Complete by October 31, 2024
A. TID Creation or Amendment
Municipalities creating a new Tax Incremental District (TID) or amending an existing TID (territory or redetermination) for 2024 must have adopted a resolution between October 1, 2023, and September 30, 2024. Next, the municipality must provide DOR with the below documents and pay the fee by October 31.
- Email documents to tif@wisconsin.gov
- 2024 TID creation
- Legal Docs.pdf (PE-605 plus required documents indicated on the form)
- Project Plan.pdf (approved project plan)
- Bounds Map.pdf (map showing parcels and boundary, plus legal description)
- Value Forms.xls (TID Base Value Workbook)
- 2024 TID territory amendment
- Legal Docs.pdf (PE-605T plus required documents indicated on the form)
- Project Plan.pdf (approved project plan)
- Bounds Map.pdf (map of original TID boundary showing added or subtracted parcels, plus updated legal description)
- Value Forms.xls (TID Base Value Workbook) – use for adding parcels
- Value Forms.xlsx (Territory Subtraction Workbook) – use for subtracting parcels
- 2024 TID base value redetermination amendment
- Use My Tax Account to pay the TIF fee
B. Act 12 Personal Property Base Value Adjustment – optional request once per TID
If your municipality has a TID with personal property in its base value, you can request a one-time base value adjustment for that TID.
To request this adjustment – complete the
Personal Property Removal Workbook and email it to tif@wisconsin.gov.
Note:
- There is no fee for a personal property base adjustment
- DOR will review requests received by October 31, 2024 for adjustment in tax year 2025
- Disregard this reminder if you previously requested a personal property base value adjustment
Questions?
Contact us at tif@wisconsin.gov.