Municipal Tax Incremental Finance (TIF) (Sec. 66.1105, Wis. Stats.)
Territory Subtraction Amendment Packet
An active Tax Incremental District (TID) can amend boundaries up to four times by subtracting 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). The value used in the packet for the subtracted parcels is the same as the value used when you added those same parcels. You may need to use values from multiple years if you added territory in the past.
- 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 different parcels years on separate 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 municipality amended a TID, we will send you a bill through "My Tax Account"
- DOR amends a TID's value by subtracting the additional parcels (using the appropriate equalized value) from 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|
|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||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
July 3, 2014
Updates were made to the code or formatting on this page as of December 29, 2014. This date does not reflect the effective date or any other date relating to the content of this page.