​November 20, 2024

To: County Clerks and Treasurers
Municipal Clerks and Treasurers

The Wisconsin Department of Revenue (DOR), State and Local Finance Division posted the 2024-25 School Levy Tax Credit (full disclosure) Notices to our website today, November 20, 2024. This information will be used for the December 2024 property tax bills.

For FY24-25, the notices include:

• School levy tax credit amount your municipality (or county) will receive in May and July 2025
• 2025 estimated major state aids

Distribution changes for FY25-26

• 2023 WI Act 19 – created sec. 79.10(7m)(a)(1.a.) and (1.b.), Wis. Stats.
• $1.275 billion in payments distributed in fiscal year 2025 (FY25)
• $940 million – fourth Monday in July 2024 for the 2023 property tax levies
• $335 million – first Monday in May 2025 for the 2024 property tax levies

In each subsequent fiscal year

• First Monday in May – DOR will distribute $335 million for the property tax levies of the calendar year immediately preceding the distribution
• Fourth Monday in July – DOR will distribute $940 million for the property tax levies of the calendar year immediately preceding the distribution

Questions?