Tax Incremental Finance (TIF) (sec. 66.1105, Wis. Stats.)
Base Value Redetermination

An active Tax Incremental District (TID) can request a base value redetermination, if in a decrement situation under state law (sec. 66.1105(2)(aj), Wis. Stats.). To amend an active TID, you must submit a completed base value redetermination amendment packet to the Wisconsin Department of Revenue (DOR).

Qualifications

Examples of 10% decrement situation

Example 1: TID created 2009 with a base value = 49,621,600
  Equalized Value Calculation Change Decline
2012 44,595,400 44,595,000 - 49,621,600 = -5,026,200 / 49,621,600 = 10.13%
2013 44,595,000 44,595,000 - 49,621,600 = -5,026,200 / 49,621,600 = 10.13%
  • Value declined by 10% and was 10% lower over two consecutive years
  • TID qualifies for a redetermination
Example 2: TID created 2008 with a base value = 8,113,400
  Equalized Value Calculation Change Decline
2012 6,513,800 6,513,800 – 8,113,400 = -1,599,600 / 8,113,400 = 19.72%
2013 6,852,600 6,852,600 – 8,113,400 = -1,260,800 / 8,113,400 = 15.54%
  • Value declined by 10% over the two consecutive years and met the requirement, even though the TID value showed an increase from 2012 to 2013
  • TID qualifies for a redetermination
Example 3: TID created 2010 with a base value = 56,813,200
  Equalized Value Calculation Change Decline
2012 53,843,100 53,843,100 – 56,813,200 = -2,970,100 / 56,813,200 = 5.23%
2013 49,582,600 49,582,600 – 56,813,200 = - 7,230,600 / 56,813,200 = 12.73%
  • TID does not currently qualify for a redetermination
  • 2014 TID value would need to maintain the 10% decline to qualify for the two consecutive years requirement

Due date/process

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.

Packet information

Checklists – follow when completing the packet
PE-109 TID Application 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.
Publications Description
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. Attach Documents
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 tif@revenue.wi.gov

Page last updated July 3, 2014