Homeowner Property Tax Relief (Lottery and Gaming Credit)

State

Wisconsin

Year

2022

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

After deducting operating expenditures, the net proceeds are available for the lottery and gaming credit. Within the Department of Revenue, a segregated fund exists for all the lottery proceeds in the state. The amount available for distribution in 2021(22) is $339.4 million. For homeowners, the credit is equal to the school tax rate multiplied by the annually determined credit base amount. The credit base value for 2021(22) is $26,600 with an average credit of $230.

How is Benefit Disbursed

Credit to the property tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Principal residences are eligible for the credit. A principal residence that is a mobile home subject to a municipal monthly parking fee which is equivalent to a property tax are also eligible for the credit.

Eligibility Criteria

Homeowner

Principal Residence

Description of Eligibility Criteria

To qualify for the lottery and gaming credit, an owner must be a Wisconsin resident, the owner of the dwelling, and use the dwelling as their primary residence as of the certification date (January 1 of the year in which the property taxes are levied). Applications should be filed with the county treasurer where the property is located by 31 January of the year the credit is sought. Late claims may be filed with the state Department of Revenue by 1 October.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

The funding for these credits is established annually based on the proceeds available from the state lottery.

Record ID

WI104_RR22

Footnotes

The credit value is estimated each year with consideration to the estimated number of claims that will be paid and the school property tax rates throughout the state. The funding for this credit is available through proceeds from the state lottery and gaming. The amount of funds available for the lottery and gaming credit is determined in November of each year based on revenues generated from the Wisconsin lottery, pari-mutuel on-track betting, and bingo during the year. Based on available funds and an estimated number of properties that will qualify for the credit, a maximum credit value (MCV) is determined. The credit amount for each qualifying property is then calculated by multiplying the MCV (or the actual value of the property if that value is less than the MCV) by the applicable school tax rate. This is the amount of credit provided for that property.

Sources

Wisc. Stats. § 79.10 (in effect for 2022)
Wisconsin, Department of Revenue, Application for Lottery and Gaming Credit, (Filing 2022)
[https://web.archive.org/web/20211123160623/https://www.revenue.wi.gov/DORForms/21lc-100f.pdf Assessed 09/11/2023]
View Archived Source

Wisconsin, Legislative Fiscal Bureau, State Property Tax Credits, Informational Paper 25, p.6 (January 2023)
[https://docs.legis.wisconsin.gov/misc/lfb/informational_papers/january_2023/0025_state_property_tax_credits_school_levy_first_dollar_and_lottery_and_gaming_credits_informational_paper_25.pdf Accessed 09/11/2023]
View Archived Source
Wisconsin, Department of Revenue, Lottery and Gaming Credit Frequently Asked Questions
[https://www.revenue.wi.gov/Pages/FAQS/slf-lottcr.aspx Accessed 09/11/2023]
View Archived Source

Wisconsin, Department of Revenue, Lottery and Gaming Credit Forms
[https://www.revenue.wi.gov/Pages/Form/lottery-home.aspx Accessed 09/11/2023]
View Archived Source

Wisconsin, Department of Revenue, 2021-22 Lottery and First Dollar Credit -- Maximum Credit Values (19 November 2021)
[https://www.revenue.wi.gov/Pages/SLF/COTVC-News/2021-11-19b.aspx Accessed 12/04/2023]
View Archived Source

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