Tax 12.073 Note In addition to the assessed value shown, Wisconsin law requires that your taxation district show the estimated fair market value of taxable property on property tax bills. This estimated fair market value reflects the approximate market value of your property as of January 1 of the year shown at the top of this tax bill.
Tax 12.073 Note This estimated fair market value has been calculated by dividing the assessed value shown on this tax bill by the average assessment ratio in your taxation district as furnished by the Wisconsin department of revenue.
Tax 12.073 Note The department calculated this ratio by dividing the total January 1 local assessed value by the total January 1 state's equalized value of your taxation district. If you believe that the estimated fair market value exceeds by at least 10% the amount of money for which your property could have been sold on January 1 of the year shown at the top of this tax bill contact your local assessor, or in the case of manufacturing property, contact the manufacturing section of the department of revenue in your area.
Tax 12.073 Note Note: This section interprets s. 74.09, Stats.
Tax 12.073 History History: Cr. Register, August, 1982, No. 320, eff. 9-1-82; am. (1) (b) and (2) (b), Register, January, 1989, No. 397, eff. 2-1-89; correction in (1) (intro.) made under s. 13.93 (2m) (b) 7., Stats., Register November 2002 No. 563.
Tax 12.10 Tax 12.10 Examination of manufacturing property report forms, confidentiality.
Tax 12.10(1) (1) Manufacturing property report forms that must be completed by all manufacturers and returned to the department according to s. 70.995 (12), Stats., are confidential records. Self reporting forms for personal property required by s. 70.35 (3), Stats., are confidential records of the assessor's office.
Tax 12.10(2) (2) Manufacturing property report forms shall be deemed privileged information, for use by the department and for use in any public hearing regarding the property assessment. Local assessors and their agents view the report forms submitted regarding property in the jurisdiction the assessor represents. Government agencies may view the report forms for use in acquiring real property for public purposes.
Tax 12.10(3) (3) Upon presentation of appropriate identification by the person allowed to make the examination, the report forms may be examined only at the district property assessment office.
Tax 12.10 Note Note: This section interprets ss. 70.35 (3) and 70.995 (12), Stats.
Tax 12.10 History History: Cr. Register, March, 1979, No. 279, eff. 4-1-79.
Tax 12.20 Tax 12.20 Net proceeds occupational tax on metal mining, taxable year. The taxable year adopted by the person engaged in mining metalliferous minerals in this state for purposes of the "net proceeds occupational tax report" shall correspond to the year adopted by that person for Wisconsin franchise and income tax purposes.
Tax 12.20 History History: Cr. Register, June, 1979, No. 282, eff. 7-1-79.
Tax 12.21 Tax 12.21 Indexed mining net proceeds tax rate schedule.
Tax 12.21(1)(1) Section 70.375 (5), Stats., prescribes the tax rates to be applied to the net proceeds of the mine of persons engaged in mining metalliferous minerals for taxable years 1981 and 1982.
Tax 12.21(2) (2) Section 70.375 (6), Stats., provides that "For calendar year 1983 and corresponding fiscal years and thereafter, the dollar amounts in sub. (5) and s. 70.395 (1) to (2) (i) shall be changed to reflect the percentage change between the gross national product deflator for June of the current year and the gross national product deflator for June of the previous year, as determined by the U.S. department of commerce as of December 30 of the year for which the taxes are due, except that no annual increase may be more than 10%. The revised amounts shall be rounded to the nearest whole number divisible by 100 and shall not be reduced below the amounts under sub. (5) on November 28, 1981. Annually, the department shall adopt any changes in dollar amounts required under this subsection and incorporate them into the appropriate tax forms."
Tax 12.21 Note Note: This section interprets s. 70.375 (5) and (6), Stats.
Tax 12.21 History History: Cr. Register, June, 1983, No. 330, eff. 7-1-83.
Tax 12.22 Tax 12.22 Confidentiality of information. Any information received for the taxable year 1981 and thereafter shall not be divulged except as provided in s. Tax 1.11.
Tax 12.22 Note Note: This section interprets s. 70.375 (2) (b), Stats.
Tax 12.22 History History: Cr. Register, June, 1983, No. 330, eff. 7-1-83; correction made under s. 13.93 (2m) (b) 7., Stats., Register November 2002 No. 563.
Tax 12.23 Tax 12.23 Basis and amount of deduction for depreciation and amortization.
Tax 12.23(1) (1) The basis for depreciation and amortization of the property eligible for such write-offs prior to January 1, 1981 under s. 70.375 (4) (k), Stats., 1979, for mines operated during the taxable year 1977 shall be their net book value as of the beginning of that year provided that the straight line method for computing the expense was used for book purposes. If the straight line method was not used the basis shall be recomputed as if it was used.
Tax 12.23(2) (2) The amount of the deduction for depreciation on property first eligible for depreciation on or after January 1, 1981 is limited to amounts allowable under s. 71.04 (15), Stats.
Tax 12.23 Note Note: 1987 Wis. Act 27 repealed s. 71.04 (15), Stats.
Tax 12.23 Note Note: This section interprets s. 70.375 (4) (k), (L), Stats., 1979 s. 70.375 (4) (k).
Tax 12.23 History History: Cr. Register, June, 1979, No. 282, eff. 7-1-79; am. Register, June, 1983, No. 330, eff. 7-1-83.
Tax 12.25 Tax 12.25 Review of assessments, claims for refunds. Additional assessments and claims for refunds for excess net proceed tax payments are subject to the same procedure for review and final determination as additional income tax assessments and claims for refunds under provisions of ch. 71, Stats., as far as the same may be applicable.
Tax 12.25 History History: Cr. Register, June, 1979, No. 282, eff. 7-1-79; renum. from Tax 12.28, Register, June, 1983, No. 330, eff. 7-1-83.
Tax 12.50 Tax 12.50 Exempt solar and wind energy systems.
Tax 12.50(1)(1) Applicability. The general property tax exemption applies whether the solar and wind energy systems are deemed personal property or are so affixed to the realty as to be classified as real estate.
Tax 12.50(2) (2)Claims for exemption, procedure. Upon certification by the department of commerce the owner of the solar and wind energy system shall submit a claim for exemption on forms prescribed by the department of revenue to the assessor for the taxation district in which the system is located.
Tax 12.50(3) (3)When valid. An exemption shall become effective when both of the following conditions are met:
Tax 12.50(3)(a) (a) The certification under s. 101.57 (4), Stats., shall be effective prior to the January 1 assessment date for which the exemption is claimed.
Tax 12.50 Note Note: 1985 Wis. Act 120 repealed s. 16.957 (4), Stats., as renumbered from s. 101.57 (4) by 1983 Wis. Act 27.
Tax 12.50(3)(b) (b) The claim for exemption shall be submitted to the assessor no later than the March 1 immediately following the assessment date for which the exemption is claimed.
Tax 12.50 Note Note: This section interprets s. 70.111 (18), Stats.
Tax 12.50 History History: Emerg. cr. eff. 12-31-80; cr. Register, May, 1981, No. 305, eff. 6-1-81; corrections in (1) and (2) made under s. 13.93 (2m) (b) 6., Stats. Register November 2002 No. 563; CR 13-036: am. (1), (3) (b), r. (4) Register December 2013 No. 696, eff. 1-1-14.
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Published under authority of s. 35.93, Stats. Updated on the first day of each month. Entire code is alwaycurrent. The date shown on each chapter is the date the chapter was last published.