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Wisconsin Department of Revenue

 Levy Limits

The 2005 and 2006 county and municipal levy limits were extended by the 2007 State Budget. Levy limits apply to the 2007 and 2008 property tax levies.

Net New Construction

  1. What is "net new construction"?
  2. Is "net new construction" calculated including or excluding property in tax incremental financing (TIF) districts?
  3. How does the Department of Revenue use net new construction?
  4. Will the Department of Revenue use net new construction for other calculations?

County Tax Rate Limit

  1. Did the levy limit repeal the existing county tax rate limits?

Net New Construction

  1. What is "net new construction"?

    "Net new construction" includes changes to equalized value due to the construction of new buildings and improvements to land minus changes to equalized value due to the demolishing or destruction of buildings and removal of land improvements. The amount of net new construction for each county and municipality can be found on the Department of Revenue's web site at: http://www.revenue.wi.gov/equ/nnc.html.

  2. Is "net new construction" calculated including or excluding property in tax incremental financing (TIF) districts?

    "Net new construction" will be calculated based on all taxable property in a municipality or county, including property in TIFs.

  3. How does the Department of Revenue use net new construction?

    The Department of Revenue uses net new construction as part of the county and municipal levy limits.

  4. Will the Department of Revenue use net new construction for other calculations?

    "Net new construction" will continue to be used for purposes of determining the allowable increase in spending under the expenditure restraint program.

County Tax Rate Limit

  1. Did the levy limit repeal the existing county tax rate limits?

    No. The county tax rate limit on the operating tax rate and debt service tax rate remain in effect. The 2007 and 2008 levy limits are in addition to the rate limits.

FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Division of State & Local Finance
Bureau of Property Tax
Local Government Services Section
Mail Stop 6-97
P.O. Box 8971
Madison, WI 53708-8971
Phone: (608) 266-1110
Fax: (608) 264-6887
E-Mail Additional Questions

Last updated September 3, 2008