Municipal Tax Incremental Finance (TIF) (sec. 66.1105, Wis. Stats.)
Territory Amendment Packet (addition of parcels)
An active Tax Incremental District (TID) can amend boundaries up to four times by adding whole parcels that are contiguous to the existing boundaries. To amend an active TID, you must submit a completed a territory amendment packet to the Wisconsin Department of Revenue (DOR).
- If you amend a TID after October 1, you must complete and submit the packet forms to DOR on or before October 31 of the following year based on the creation date. You must report newly-annexed parcels on separate forms (not on the municipality's set of forms)
- DOR does not start the process of certifying amended base values until after January 1 of the year following creation
- Tax Incremental Financing Remittance Fee – After you notify DOR that your city/village amended a TID, we will send you a bill through "My Tax Account"
- DOR amends a TID's value by adding the additional parcels (using the appropriate equalized value) to the existing base value
Completing the packet
It is essential that you accurately complete the forms, since mistakes could mean your TID does not get certified. Use consistent identification numbers on the forms and required maps.
|Checklists - follow when completing the packet|
|PE-109||TID Base Year Packet Checklist – lists the forms you need to complete|
|Forms – complete with valuation information for the property within the TID- follow when completing the packet|
|Excel format||This Excel workbook contains all the necessary forms. For best results, open the workbook, save it to your computer and then complete the forms.|
|PE-207||Guide to Wisconsin's Tax Increment Law - Creating a District|
|PE-221A||Municipal TIF Districts Timeline for Amending Project Plans - describes the different kinds of amendments and the steps involved in adopting them|
To send your completed forms by email, click the Attach Documents button.
Note: This opens an email to attach the files.
Complete and return the appropriate forms to:
Wisconsin Department of Revenue
Attn: Office of Technical and Assessment Services
PO Box 8971, MS 6-97
Madison, WI 53708-8971
Phone (608) 266-5708
Fax (608) 264-6897
Email additional questions to email@example.com
Page last updated July 3, 2014