State
Wisconsin
Year
2010
Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Benefit Type
Deferral
Benefit
Eligible homeowners may apply to defer property taxes, up to $2,500 or the maximum amount of the tax bill.
How is Benefit Disbursed
Other
Eligible Property Type
Residential
Characteristics of Eligible Property
Only residential property is eligible for this program, up to 1 acre of land.
Eligibility Criteria
Age
Homeowner
Income Ceiling
Principal Residence
Other Criteria
Description of Eligibility Criteria
The applicant must be a homeowner at least 65 years of age, have an income at or below $20,000, and have lived in the dwelling unit for at least 6 months during the preceding year. Total outstanding liens, judgments, mortgages and delinquent property taxes, but not deferral amounts, may not exceed 33% of the assessed value of the housing unit, as determined by the most recent property tax assessment and may not exceed 50% including the deferral and rehabilitation loans.
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 state provides the loan directly to the property owner.
Enrollment Data
Preliminary numbers for 2010 indicate that 59 individuals received a total of $129,800 in loans, averaging $2,200.
Record ID
WI102_RR10