School Levy Tax Credit

  1. How is the school levy tax credit calculated?
  2. Is the school levy tax credit paid to the school district?
  3. When are towns, villages and cities notified of the amount of the school levy tax credit?
  4. How is the school levy tax credit reported on individual property tax bills?

School Levy Tax Credit

  1. How is the school levy tax credit calculated?

  2. The formula for calculating the school levy tax credit is:

    Municipality's 3-Year Average School Levies
    Statewide 3-Year Average School Levies
    x Total Funding = Municipality's Credit

  3. Is the school levy tax credit paid to the school district?
  4. No, the school levy tax credit payments are made to the county in which the municipality is located. Payment can be made directly to the municipality if the municipality qualifies for one of the exceptions and follows the requirements of sec. 79.10, Wis. Stats.

  5. When are towns, villages and cities notified of the amount of the school levy tax credit?
  6. The Department of Revenue is required to inform municipalities of their school levy tax credit payments on or before December 1 each year (sec. 79.10 (2), Wis. Stats.).

  7. How is the school levy tax credit reported on individual property tax bills?
  8. School levies are reported after subtracting the school levy tax credit on property tax bills. The amount of the school levy tax credit is shown in a separate box on the property tax bill.

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

Page last updated February 22, 2011