Property Tax Relief Credits

 

Property Tax Relief Credits

  1. What property tax credits are available in Wisconsin?
  2. What credits are directly applied to my property tax bill?
  3. What credits can I claim on my income tax return?
  4. Are there other programs to assist with paying property taxes?

 


Property Tax Relief Credits

  1. What property tax credits are available in Wisconsin?

    A property owner may qualify for several different types of credits:

    • Wisconsin has credits that are applied directly to a property tax bill if the property or owner qualifies and/or applies for the credit (see question 2)
    • Wisconsin also has income tax credits designed to help offset property taxes. These credits are available for qualifying property owners when they complete their Wisconsin income tax return. (see question 3)
    • Some homeowners may qualify for special loans to help pay property taxes (see question 4)
  2. What credits are directly applied to my property tax bill?

    Lottery and Gaming Credit

    • If you are a Wisconsin resident, own your property and it is your primary residence, the property may qualify for this credit
    • For more information, visit: revenue.wi.gov/faqs/slf/lottcr.html
    • This credit amount (if provided) is listed on the property tax bill underneath the "First Dollar Credit" line
    First Dollar Credit
    • If there is a real property improvement on the land, the property qualifies for the First Dollar Credit
    • For more information, visit: revenue.wi.gov/faqs/slf/fdolcred.html
    • This credit amount (if provided) is listed on the property tax bill above the "Lottery and Gaming Credit” line
    School Levy Tax Credit
    • All taxable real property in Wisconsin qualifies for the School Levy Tax Credit
    • Credit amount is listed on the property tax bill underneath the "Net Assessed Value Rate" box

    For more information on property tax credits listed on the property tax bill, contact us at lgs@revenue.wi.gov or (608) 266-0772.
  3. What credits can I claim on my income tax return?

    If you qualify, the tax credits listed below are available to claim on your Wisconsin income tax return. To determine if you qualify, first review the applicable Wisconsin income tax return instructions and the common questions for these credits. If you have further questions, contact the agency responsible for the credit.

    Homestead Credit

    Farmland Preservation Credit

    Veterans and Surviving Spouses Property Tax Credit

    Renter's and Homeowner's School Property Tax Credit

    For more information, contact income@revenue.wi.gov.

  4. Are there other programs to assist with paying property taxes?

    Wisconsin Housing and Economic Development Authority (WHEDA) provides property tax deferral loans for the elderly. For more information, contact WHEDA:

FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Local Government Services Bureau
P.O. Box 8971, MS 6-97
Madison, WI 53708-8971
Fax: (608) 264-6887
Email additional questions to lgs@revenue.wi.gov

May 14, 2015