Variations in Receipt of Benefit : Benefit:
No Variation in Receipt of Benefits
Characteristics of Eligible Property:
Participants apply for a loan equal to the amount of property taxes and special assessments levied. The maximum annual loan is $3,525.
Description of Eligibility Criteria:
Only residential property is eligible for this program.
Local Option Regarding Program Features:
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.
State Funding for Local Tax Loss:
No local option regarding program features
Description of State Funding for Tax Loss:
State reimburses all of the local government tax loss
Local Option in Adoption of Program :
The state provides the loan directly to the property owner.
Source State Statutes:
Local government is unable to exercise an option
Data Collection Notes:
Wis. Stat. § 234.621 ~ § 234.626 (in effect for 2014)
6/5/15 Updated benefit - record previously reiterated Eligibility information.