Wisconsin

First Dollar Credit

State: 

Year: 

Record ID: 
WI105_RR16
Variations in Receipt of Benefit : 
Other Variation in Receipt of Benefits
Benefit Type: 
Credit
Benefit: 
The benefit is a credit. The value of the credit is determined by multiplying the gross school tax rate by either the market value of the property or the "credit base" set by the Wisconsin Department of Revenue, whichever is lower. The "credit base" is a dollar calculated by the Department of Revenue that is expected to distribute as much of the available funding as possible.
How is Benefit Disbursed: 
Credit to the property tax bill
Eligible Property Type: 
Non Residential
Residential
Characteristics of Eligible Property: 
Both residential and nonresidential properties are eligible.
Eligibility Criteria: 
Other Criteria
Description of Eligibility Criteria: 
Any taxable parcel containing a real property improvement qualifies for this credit.
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 distributes funding to counties unless a municipality has over $3,000,000 in total credits. In such cases, funding will be made directly to the municipality.
Enrollment Data: 
For the 2014/2015 tax year, the program had 2,214,000 claimants with the average credit being $66.63. The value of credits distributed statewide was $148 million.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wis. Stat. § 79.10 (in effect for 2016)
Source Publication: 
Wisconsin Legislative Fiscal Bureau, State Property Tax Credits (Informational Paper 21)(2017) [https://docs.legis.wisconsin.gov/misc/lfb/informational_papers/january_2017/0021_state_property_tax_credits_informational_paper_21.pdf Accessed on 10/11/2017]
View Archived Source
Footnote: 
For the 2014/2015 tax year, the credit base value was $6,500. Only taxes levied for elementary and secondary education are eligible for the credit.
Data Collection Notes: 
For updated reports see: https://www.revenue.wi.gov/report/f.html

Revision Type: 

Revision Notes: 

10/11/17 JG updated Source Publication - no leg changes
5/4/17 EM created 16 record
5/27/16 MM updated enrollment data, FTN1 and source pub
6/8/15 MM created 14 record, updated enrollment data, source pub
12/19/14 mj verified
11/11/13 updated estimated 2012/2013 tax year info
10/28/13 updated enrollment data, no new leg

2/1/2013 GIR: copied pdf of webpg to 2012 (webpg has a last updated date of 1/12/12)

Homeowner Property Tax Relief (Lottery and Gaming Credit)

State: 

Year: 

Record ID: 
WI104_RR16
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 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.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wisc. Stats. § 79.10 (in effect for 2016)
Source Publication: 
Wisconsin Legislative Fiscal Bureau, State Property Tax Credits (Informational Paper 21)(2017) [https://docs.legis.wisconsin.gov/misc/lfb/informational_papers/january_2017/0021_state_property_tax_credits_informational_paper_21.pdf Accessed on 10/11/2017]
View Archived Source
Footnote: 
The credit value is estimated each year taking into consideration 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 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.
Data Collection Notes: 
5/27/16 MM used 2015 source pub for updated enrollment 14/15 figures For updated reports see: https://www.revenue.wi.gov/report/l.html#lottery

Revision Type: 

Revision Notes: 

10/11/17 JG updated source publication - No leg changes
5/4/17 EM created 16 record
5/27/16 MM updated source pub - no new leg
6/8/15 MM created 15 record, updated benefit, enrollment data
6/8/15 MM created 14 record, updated benefit, enrollment data, source pub
12/19/14 mj verified
11/11/13 updated enrollment value and updated credit amount.
10/28/13 updated credit value and enrollment information, added FN2
4/22/2011 CC program added and ok to be verified
12/7/11 cc added numbers and verified

School Property Tax Credit for Renters and Homeowners

State: 

Year: 

Record ID: 
WI103_RR16
Variations in Receipt of Benefit : 
No Variation in Receipt of Benefits
Benefit Type: 
Credit
Benefit: 
This maximum for this non-refundable state income tax credit is 12% of the first $2,500 of property taxes or rent paid, or $300; for married persons filing separately, the credit is 12% of the first $1,250, or $150.
How is Benefit Disbursed: 
Credit to the income tax bill
Eligible Property Type: 
Residential
Characteristics of Eligible Property: 
Eligibility Criteria: 
Homeowner
Principal Residence
Renter
Other Criteria
Description of Eligibility Criteria: 
Since this is a non-refundable credit, the taxpayer has to file state income tax returns and must have a state tax liability.
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
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wis. Stat. § 71.07(9) (in effect for 2016)
Footnote: 
For renters, property taxes are considered 20% of rent if heat is included and 25% if heat is not included.

Revision Type: 

Revision Notes: 

10/9/17 JG updated - no leg changes
5/4/17 EM created 16 record
5/6/16 MM verified - no new leg
6/5/15 MM created 14 record - no changes
12/19/14 mj verified
11/11/13 no new leg
10/28/13 reworded benefit description, checked principal residence
4/22/2011 CC program found and verified
12/7/11 cc verified

Property Tax Deferral Loan Program

State: 

Year: 

Record ID: 
WI102_RR16
Variations in Receipt of Benefit : 
No Variation in Receipt of Benefits
Benefit Type: 
Deferral
Benefit: 
Participants apply for a loan equal to the amount of property taxes and special assessments levied. The maximum annual loan is $3,525.
How is Benefit Disbursed: 
Other
Eligible Property Type: 
Residential
Characteristics of Eligible Property: 
Only residential property is eligible for this program.
Eligibility Criteria: 
Age
Homeowner
Income Ceiling
Veteran
Other Criteria
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 2016)
Source Publication: 
Wisconsin Legislative Fiscal Bureau, Property Tax Deferral Loan Program (Informational Paper 23)(2015)[http://docs.legis.wisconsin.gov/misc/lfb/informational_papers/january_2015/0023_property_tax_deferral_loan_program_informational_paper_23.pdf Accessed on 10/09/2017] View Archived Source
Footnote: 
Loans will bear an interest at a rate equal to the prime lending rate at the time the rate is set plus 1%, as reported by the federal reserve board in federal reserve statistical release H. 15. Any previous loans under this program and loans under the housing rehabilitation loan program, also administered by WHEDA, are excluded from this limitation.

Revision Type: 

Revision Notes: 

10/9/17 JG updated record - no leg changes
5/4/17 EM created 16 record
5/6/16 MM updated source pub link - no new leg
6/5/15 MM updated benefit, FTN1, source pub, source add'l
5/14/15 MM new record
12/19/14 mj verified
11/6/13 no new leg
10/28/13 no new leg
11/5/2010 CS New Record
4/22/2011 edited and ok to verify
1/17/12 DM complete

Homestead Credit

State: 

Year: 

Record ID: 
WI101_RR16
Variations in Receipt of Benefit : 
Benefit Varies with Income
Benefit Type: 
Circuit Breaker
Benefit: 
The benefit is a refundable state income tax credit for property taxes paid. It is determined by 2 brackets. For those with income at or below $8,060, the credit is 80% of up to $1,460 taxes paid, for a maximum credit of $1,168. For those with income above $8,060 but less than $24,680, the credit is equal to 80% of the amount by which property taxes exceed 8.785% of household income in excess of $8,060. These factors are indexed to inflation.
How is Benefit Disbursed: 
Credit to the income tax bill
Eligible Property Type: 
Residential
Characteristics of Eligible Property: 
Only residential property is eligible for this program.
Eligibility Criteria: 
Age
Homeowner
Income Ceiling
Renter
Other Criteria
Description of Eligibility Criteria: 
The individual must be a homeowner or renter and must be over 18 years of age but not claimed as a dependent during the year the to which the claim relates, unless the claimant is 62 years of age or older. The claimant must have resided in the property for a year when filing the claim. The income ceiling for households in 2015 was $24,680.
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: 
Benefits is refundable if the credit exceeds the taxpayer’s state tax liability.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wis. Stat. § 71.07 (4); Wis. Stat. § 71.51 ~ § 71.55 (in effect for 2016)
Source Publication: 
Wisconsin Department of Revenue, Homestead Tax Credit Program Summary FY16 [https://www.revenue.wi.gov/DORReports/2016hmsted.pdf Accessed on 10/09/2017] View Archived Source
Footnote: 
For renters, property taxes are assumed to be 20% of rent if heat is included or 25% of rent if heat is not included in the rent. In computing household income, a claimant may deduct $500 for each dependent living with the claimant.

Revision Type: 

Revision Notes: 

10/9/17 JG updated Source Publication - No legislative changes
5/4/17 EM created 16 record
5/5/16 MM added new source pub for 15
6/5/15 MM updated enrollment data, added source pub, revised benefit
10/30/14 mj created 2014 record; need to add enrollment data when released: http://www.revenue.wi.gov/report/h.html
11/6/13 updated enrollment data and source page
9/19/13 NW added enrollment data, checked for leg updates, updated source page
12/27/12 cc verified 12/20/12, AC: Verified Without Checking
11/5/2010 CS New Record
4/22/2011 cc edited and has been verified
1/17/12 DM see DCN
2/17/2012 GIR: uploaded source publication and source additional

Homestead Credit

State: 

Year: 

Record ID: 
WI101_RR14
Variations in Receipt of Benefit : 
Benefit Varies with Income
Benefit Type: 
Circuit Breaker
Benefit: 
The benefit is a refundable state income tax credit for property taxes paid. It is determined by 2 brackets. For those with income at or below $8,060, the credit is 80% of up to $1,460 taxes paid, for a maximum credit of $1,168. For those with income above $8,060 but less than $24,680, the credit is equal to 80% of the amount by which property taxes exceed 8.785% of household income in excess of $8,060. These factors are indexed to inflation.
How is Benefit Disbursed: 
Credit to the income tax bill
Eligible Property Type: 
Residential
Characteristics of Eligible Property: 
Only residential property is eligible for this program.
Eligibility Criteria: 
Age
Homeowner
Income Ceiling
Renter
Other Criteria
Description of Eligibility Criteria: 
The individual must be a homeowner or renter and must be over 18 years of age but not claimed as a dependent during the year the to which the claim relates, unless the claimant is 62 years of age or older. The claimant must have resided in the property for a year when filing the claim. The income ceiling for households in 2014 was $24,680.
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: 
Benefits is refundable if the credit exceeds the taxpayer’s state tax liability.
Enrollment Data: 
A total of 22,942 Wisconsin tax filers claimed Homestead credits amounting to $117 million in FY14. The average credit was $525.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wis. Stat. § 71.07 (4); Wis. Stat. § 71.51 ~ § 71.55 (in effect for 2014)
Source Publication: 
Wisconsin Department of Revenue, Homestead Tax Credit Program Summary FY 2014 [https://revenue.wi.gov/ra/homestead/14hmsted.pdf Accessed on 06/05/2015] View Archived Source
Footnote: 
For renters, property taxes are assumed to be 20% of rent if heat is included or 25% of rent if heat is not included in the rent. In computing household income, a claimant may deduct $500 for each dependent living with the claimant.

Revision Type: 

Revision Notes: 

6/5/15 MM updated enrollment data, added source pub, revised benefit
10/30/14 mj created 2014 record; need to add enrollment data when released: http://www.revenue.wi.gov/report/h.html
11/6/13 updated enrollment data and source page
9/19/13 NW added enrollment data, checked for leg updates, updated source page
12/27/12 cc verified 12/20/12, AC: Verified Without Checking
11/5/2010 CS New Record
4/22/2011 cc edited and has been verified
1/17/12 DM see DCN
2/17/2012 GIR: uploaded source publication and source additional

Property Tax Deferral Loan Program

State: 

Year: 

Record ID: 
WI102_RR10
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 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.
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 2010)
Footnote: 
Loans will bear an interest at a rate equal to the prime lending rate at the time the rate is set plus 1%, as reported by the federal reserve board in federal reserve statistical release H. 15. Any previous loans under this program and loans under the housing rehabilitation loan program, also administered by WHEDA, are excluded from this limitation.

Revision Type: 

Revision By: 
Camille
Revision Notes: 

3/19/12 cc verivied
11/5/2010 CS New Record
4/22/2011 edited and ok to verify

Homeowner Property Tax Relief (Lottery and Gaming Credit)

State: 

Year: 

Record ID: 
WI104_RR10
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 times the school levy. In 2010 the credit value $8,100.
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
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 $75 per residential property. Total state funding was $113.2 million for property tax year 2009/10.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wisc. Stats. §79.10 (in effect for 2010)
Footnote: 
The credit value is est each year taking into consideration 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 proceeds from the state lottery and gaming.

Revision Type: 

Revision Notes: 

4/22/2011 CC program added and ok to be verified
12/22/11 cc added clarification

Homeowner Property Tax Relief (Lottery and Gaming Credit)

State: 

Year: 

Record ID: 
WI104_RR09
Variations in Receipt of Benefit : 
No Variation in Receipt of Benefits
Benefit Type: 
Credit
Benefit: 
For homeowners, the fair market value for school property taxes is reduced by credit value established each year by state. In 2009 the credit value is $9,000, times school tax rate for the property tax credit.
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
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 $78 per residential property. Total state funding was $118.1 million for property tax year 2008/09.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wisc. Stats. §79.10 (in effect for 2009)
Source Publication: 
http://www.revenue.wi.gov/ra/10ltrycr.pdf
Footnote: 
The credit value is est each year taking into consideration 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 proceeds from the state lottery and gaming.
Data Collection Notes: 
all the annual data is from the state report

Revision Type: 

Revision Notes: 

4/22/2011 CC program added and verified
12/7/11 cc modified description

Homeowner Property Tax Relief (Lottery and Gaming Credit)

State: 

Year: 

Record ID: 
WI104_RR08
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. In 2008 the credit value $10,100
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
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 $86 per residential property. Total state funding was $129.6 million for property tax year 2007/08.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wisc. Stats. §79.10 (in effect for 2008)
Footnote: 
The credit value is est each year taking into consideration 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 proceeds from the state lottery and gaming.

Revision Type: 

Revision Notes: 

4/22/2011 CC program added and verified

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