Variations in Receipt of Benefit : No Variation in Receipt of Benefits
Benefit: Participants apply for a loan equal to the amount of property taxes and special assessments levied. The maximum annual loan is $3,525.
Characteristics of Eligible Property: Only residential property is eligible for this program.
Description of Eligibility Criteria: The homeowner must be at least 65 years of age or a qualifying veteran at any age who, during the preceding year, lived in the dwelling unit for at least 6 months and had a total household income at or below $20,000. Total outstanding liens, judgments, mortgages and delinquent property taxes may not exceed 33% of the value of the housing unit, as determined by the most recent property tax assessment.
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.
Local Option in Adoption of Program : Local government is unable to exercise an option
Source State Statutes: Wis. Stat. § 234.621 ~ § 234.626 (in effect for 2014)
Data Collection Notes: 6/5/15 Updated benefit - record previously reiterated Eligibility information.