August 15, 2018
To: Municipal Clerks and Treasurers, County Clerks and Treasurers, Technical Colleges, Special Districts
The Wisconsin Department of Revenue (DOR) would like to inform you that an estimate of your 2019 personal property aid is available on our
website.
General Information
- Included in
2017 Act 59, this new aid will be distributed to counties, municipalities, school districts, technical colleges, special districts and municipal tax incremental districts (TIDs)
- The first personal property aid distribution will be May 6, 2019 (i.e., first Monday in May each year)
- The aid is based on 2017 tax levies and 2017 locally assessed values
Calculating Personal Property Aid
- For each municipality, divide the 2017 locally assessed machinery, tools and patterns (code 2) by the 2017 total municipal assessed value (including manufacturing). This provides a ratio.
- Multiply the ratio from step 1 by your district's 2017 tax levy
- For municipalities, this amount is your personal property aid
- For counties, school districts, special districts and technical colleges: the sum of the calculated aid for each municipality within your district is your total personal property aid
|
Example 1 |
|---|
2017 Tax Levy
Col. A |
2017 Locally Assessed Machinery, Tools, Patterns (Code 2)
Col. B |
Total Municipal Assessed Value (incl. MFG)
Col. C |
PP Code 2 portion of Total Assessed Value
Col. D (Col. B/C) |
Personal Property Aid
Col. E (Col. D x A) |
| $457,729.11 | 966,600 | 63,061,500 | 0.015327894 | $7,016.02 |
Calculating Personal Property Aid for Municipal TIDs
- For the municipality, divide the 2017 locally assessed machinery, tools and patterns (code 2) by the 2017 total municipal assessed value (including manufacturing). This provides a ratio.
- Divide each TID's 2017 value increment by the municipality's 2017 total value increment. This provides a value increment ratio. Note: If a TID has a negative value increment, it is treated as zero.
- Multiply the ratio from step 2 by the municipality's 2017 total tax increment. This provides the TIDs portion of the 2017 tax increment.
- Multiply the ratio from step 1 by each TIDs portion of the 2017 tax increment (calculated in step 3)
- This provides the personal property aid for each TID. The sum of the municipal TID aid will be distributed to the municipality.
Note: When a TID terminates, the personal property aid would be distributed in the same year, but not the following year or thereafter
|
Example 2 |
|---|
TID No
Col. A |
2017 Value Increment
Col. B |
TID Portion of Value Increment
Col. C |
TID Portion of 2017 Tax Increment
Col. D (Col. C x 191,525.90) |
PP Code 2 portion of Total Assessed Value
Col. E (see above) |
Personal Property Aid
Col. F (Col. D x E) |
| 001 | 2,405,500 | 0.614730009 | 117,736.72 | 0.015327894 | $1,804.66 |
| 002 | 1,507,600 | 0.385269991 | 73,789.18 | 0.015327894 | $1,131.03 |
|
Total | 3,913,100 | | 191,525.90 | | $2,935.69 |
If you have questions, contact us at lgs@wisconsin.gov.