Net New Construction 2013
Division of State and Local Finance
Bureau of Equalization
The Net New Construction Report has final net construction numbers. Counties and municipalities use these numbers for levy limits and the expenditure restraint program.
The report includes:
- Amount of Net New Construction - this amount is New Construction reduced by any demolition or destruction of buildings
- Valuation factor for municipalities and counties - is a percentage arrived at by dividing the Net New Construction by the total 2012 Equalized Value of a municipality or county
What is the difference between the Net New Construction Report and the Statement of Changes in Equalized Values (Report 2)?
Net New Construction Report - reports final net construction numbers that include removal of buildings (demolition) and corrections to the prior year
Statement of Changes in Equalized Values Report - the new construction column reports the total that includes changes to improvement values due to construction of new buildings and other improvements to the land. The land value change in the new construction column is due to higher land utility. The column does not include removal of buildings (demolition) and corrections to the prior year.
Levy Limits:
- Counties and municipalities use the percentage increase of net new construction as a valuation factor in determining the allowable levy for towns, villages, cities and counties.
- The Department of Revenue (DOR) will post the county and municipal levy limit worksheets in September, 2013.
- Levy Limit Common Questions
Expenditure Restraint Program (ERP):
- Municipalities use the net new construction as a valuation factor in calculating ERP.
- The calculation is 60% of the percentage change in the municipality's equalized value due to net new construction (but no more than 2 percent and no less than 0 percent), plus the Consumer Price Index for the 12 months ending September, 2013.
- Municipalities use the ERP calculation to determine their allowable increase in general fund expenditures for the coming year (2014).
- DOR sends municipalities the Valuation Factor Notice in October, 2013.
Any inquiries concerning the Equalized values should be directed to the appropriate equalization district supervisor listed below.
| District Supervisor | Counties |
|---|---|
| MADISON DISTRICT OFFICE (76) JIM YOUNG PO BOX 8909 MS 6-301 MADISON WI 53708-8909 Phone #: (608) 266-8184| E-mail Fax #: (608) 267-1355 |
Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Jefferson, Lafayette, Marquette, Richland, Rock, Sauk, Vernon |
| MILWAUKEE DISTRICT OFFICE (77) PAT CHANESKE 819 N 6TH ST RM 530 MILWAUKEE WI 53203 Phone #: (414) 227-4455 | E-mail Fax #: (414) 227-4071 |
Fond du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth, Washington, Waukesha |
| EAU CLAIRE DISTRICT (79) DIANE FORREST 610 GIBSON ST STE 7 EAU CLAIRE WI 54701 Phone #: (715) 836-2866 | E-mail Fax #: (715) 836-6690 |
Barron, Bayfield, Buffalo, Burnett, Chippewa, Douglas, Dunn, Eau Claire, Jackson, La Crosse, Monroe, Pepin, Pierce, Polk, Rusk, St. Croix, Sawyer, Trempealeau, Washburn |
| WAUSAU DISTRICT OFFICE (80) ALBERT ROMPORTL 730 N THIRD ST WAUSAU WI 54403-4700 Phone #: (715) 842-5885 | E-mail Fax #: (715) 848-1033 |
Adams, Ashland, Clark, Iron, Juneau, Langlade, Lincoln, Marathon, Oneida, Portage, Price, Taylor, Vilas, Wood |
| GREEN BAY DISTRICT OFFICE (81) MARY GAWRYLESKI 200 N JEFFERSON ST STE 126 GREEN BAY WI 54301-5100 Phone #: (920) 448-5195 | E-mail Fax #: (920) 448-5207 |
Brown, Calumet, Door, Florence, Forest, Kewaunee, Manitowoc, Marinette, Menominee, Oconto, Outagamie, Shawano, Waupaca, Waushara, Winnebago |
Last updated August 14, 2013