State
Wisconsin
Year
2015
Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Benefit Type
Exemption
Benefit
For homeowners, the fair market value for school property taxes is reduced by credit value established each year by state. For property tax year 2014/2015, the credit value was $11,000.
How is Benefit Disbursed
Credit to the property tax bill
Eligible Property Type
Residential
Characteristics of Eligible Property
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).
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 annual based on the proceeds available from the state lottery.
Enrollment Data
The average credit was $113 per residential property. Total credits for 2014/2015 was $166.5 million.
Record ID
WI104_RR15