City/Village Tax Incremental Finance (TIF)
Base Year Packet
All of the forms needed to complete a Tax Incremental District (TID) creation application packet which is submitted to the Department of Revenue (DOR) are available on this page. In addition to the forms that list the valuation information for the property within the TID, there are several helpful publications that explain TIF and important components of the system. It is essential that you complete the application packet accurately; mistakes could mean that your TID does not get certified.
DOR uses the information on the forms to establish the district's base value and to verify that proper legal procedures were followed. When completing these forms, use consistent identification numbers on the forms and on the required maps. These forms must be completed and submitted to DOR on or before December 31 of the creation year. The process of certifying base values does not begin until after January 1 of the year following creation.
| Publications | Description |
|---|---|
| PE-207 | A Guide to Wisconsin's Tax Increment Law - Creating a District (9/08) - has detailed information on required class 2 notices in accordance with ch. 985 of the Wisconsin Statutes. |
| PE-212 | Tax Incremental Finance - An Intergovernmental/Private Partnership (9/08) |
| PE-213 | Municipal (City/Village/Town) TIF - Joint Review Board Supplemental Data (9/08) |
| PE-215 | Municipal (City/Village/Town) TIF - Common Language Guidelines for Project Plans (9/08) |
| PE-221 | Municipal TIF Districts Timeline for Creation (1/10) |
| 66.1105 Law | Composite Tax Increment Law (11/09) |
| Checklists | Description |
|---|---|
| PE-109 | TID Base Year Packet Checklist (9/08) - will identify the forms needed. |
| PE-222 | TID Creation Resolution Checklist (9/08) - identifies findings that the local government body must contain in their resolution. |
One set (of the forms listed below) must be completed for creation of each new TID. For your convenience, three different file formats have been provided to complete the TID forms.
- Regular PDF - blank forms that you need to print and then enter the data.
- Fill-in PDF - can enter the data with your computer and then print. The fill-in forms do automatic calculations, but the form with data cannot be saved.
Fill-in forms option: Please read the instructions first before using this option. This is not available for all the forms. This option will not electronically file your form.
- Excel - has all of the forms in one file. The advantages of the Excel format is:
- You can save the file and work on the forms periodically.
- The completed file can be e-mailed to the Department of Revenue.
- The file does calculations automatically and information can be passed from one page to another.
| Form Name | Description |
|---|---|
| Excel Format | Contains all of the necessary forms. Best practice is to open the workbook, save it to your computer (remember location), and then go offline to complete the forms. |
| PA-480 | Tax Incremental Financing Remittance Fee - Not Available Note: Effective April 15, 2010, all fees will be transmitted electronically through "My Tax Account." Information regarding this will be sent to each municipality in the near future. |
| PE-601A | TIF Base Year Personal Property List (6/08) | Fill-In Form |
| PE-605 | City/Village Legal Requirements Base Year(11/09) | Fill-In Form |
| PE-606 | Equalized Value Determination Request (9/08) | Fill-In Form |
| PE-608 | TID Parcel List Locally Assessable Property (6/08) | Fill-In Form |
| PE-608M | TID Manufacturing Real Property List (7/08) | Fill-In Form |
| PE-608MP | TID Manufacturing Personal Property List (7/08) | Fill-In Form |
| PE-615A | Statement of Assessment (7/08) | Fill-In Form |
| PE-617A | Tax Incremental District Assessor's Final Report Base Year Valuation (9/08) | Fill-In Form |
| PE-619 | TID Parcel List - Municipal Owned Property (7/08) | Fill-In Form |
Please complete and return the appropriate forms for creating a Tax Incremental District by December 31. Return them to:
Wisconsin Department of Revenue
Attn: Equalization Section
Mail Stop 6-97, P.O. Box 8971
Madison, WI 53708-8971
or fax to (608) 264-6897
For more information contact:
- E-mail - tif@revenue.wi.gov
- Susan Plakus (608) 261-5335
- Mary Lou Clayton (608) 266-5708
Last updated January 27, 2010