The owner's estimate of the fair market value of the property on January 1 of the even-numbered year. The owner shall provide this estimate by marking one of a number of value ranges provided on the form prepared under sub. (2)
. The assessor for the taxation district within which the property is located may review the owner's estimate of the fair market value of the property and adjust it if necessary to reflect the correct fair market value.
By July 1 of each even-numbered year, the clerk of each taxation district shall complete and deliver to the department of revenue a form on which the clerk estimates the value of tax-exempt property, classified by type of owner, within the taxation district.
The department of revenue shall prescribe the contents of the form for reporting the information required under sub. (1)
, including the categories of value of property that the department of revenue determines will result in the best estimate of the value of tax-exempt property in this state. The department of revenue shall also prescribe the contents of the form under sub. (2)
. The form under sub. (2)
shall provide for estimates of the value of tax-exempt property in the taxation district that is owned by various categories of owners, including property that is owned by the benevolent and educational associations; fraternal and labor organizations; nonprofit hospitals; private colleges; and churches and religious associations. The forms under subs. (1)
shall be prepared and distributed under s. 70.09 (3)
The department of revenue shall tabulate data from the forms received under sub. (2)
and prepare an estimate of the value of tax-exempt property in this state by category of owner. The department shall include this information in the summary of tax exemption devices prepared under s. 16.425 (3)
Each person that is required to file a report under sub. (1)
shall pay a reasonable fee that is sufficient to defray the costs to the taxation district of distributing and reviewing the forms under sub. (1)
and of preparing the form for the department of revenue under sub. (2)
. The amount of the fee shall be established by the governing body of the taxation district.
If the form under sub. (1)
is not received by March 31 of the even-numbered year, the taxation district clerk shall send the owner of the property a notice, by certified mail, stating that the property for which the form is required will be appraised at the owner's expense if a completed form is not received by the taxation district clerk within 30 days after the notice is sent. If the completed form is not received by the taxation district clerk within 30 days after the notice is sent, the property shall be appraised either by the taxation district assessor or by a person hired by the taxation district to conduct the appraisal.
This section does not apply to property that is exempt under s. 70.11 (1)
, property that is exempt under s. 70.11 (18)
if a payment in lieu of taxes is made for that property, lake beds owned by the state, state forests under s. 28.03
, county forests under s. 28.10
, property acquired by the department of transportation under s. 85.08
or highways, as defined in s. 340.01 (22)
Reporting requirements. 70.339(1)
By March 15 each person that owns property that is exempt under s. 70.11
, except s. 70.11 (1)
, and that was used in the most recently ended taxable year in a trade or business for which the owner of the property was subject to taxation under sections 511
of the internal revenue code, as defined in s. 71.22 (4m)
, shall file with the clerk of the taxation district in which the property is located a statement containing the following information:
The name, address and telephone number of the owner of the property.
The name, address and telephone number of a person who can be contacted concerning the use of the property in a trade or business.
A general description of the activities engaged in to conduct the trade or business.
The location and a description of the property that is used in the trade or business including, if applicable, the specific portion of a building that is used to conduct the trade or business.
The format and distribution of statements under this section shall be governed by s. 70.09 (3)
If the statement required under this section is not received by the due date, the taxation district clerk shall send the owner of the property a notice, by certified mail, stating that failure to file a statement is subject to the penalties under sub. (4)
A person who fails to file a statement within 30 days after notification under sub. (3)
shall forfeit $10 for each succeeding day on which the form is not received by the taxation district clerk, but not more than $500.
History: 1991 a. 39
All articles of personal property shall, as far as practicable, be valued by the assessor upon actual view at their true cash value; and after arriving at the total valuation of all articles of personal property which the assessor shall be able to discover as belonging to any person, if the assessor has reason to believe that such person has other personal property or any other thing of value liable to taxation, the assessor shall add to such aggregate valuation of personal property an amount which, in the assessor's judgment, will render such aggregate valuation a just and equitable valuation of all the personal property liable to taxation belonging to such person. In carrying out the duties imposed on the assessor by this section, the assessor shall act in the manner specified in the Wisconsin property assessment manual provided under s. 73.03 (2a)
History: 1973 c. 90
; 1991 a. 316
"True cash value" is not a figure that can be determined by bargaining with the taxpayer and such an agreement would be void. The unsupported statement of the taxpayer has no probative value. State ex rel. Berg E. Corp. v. Spencer Rev. Bd. 53 W (2d) 233, 191 NW (2d) 892.
Factors considered relevant to determination of market value for assessment purposes discussed. State ex rel. Mitchell Aero v. Bd. of Review, 74 W (2d) 268, 246 NW (2d) 521.
Market data or sales approach was proper where 94% of machines were leased and only 6% were sold. Income capitalization approach has been used only when no sales exist. Xerox Corp. v. Department of Revenue, 114 W (2d) 522, 339 NW (2d) 357 (Ct. App. 1983).
Legislative intent; department of revenue to supply information.
The assessor shall exercise particular care so that personal property as a class on the assessment rolls bears the same relation to statutory value as real property as a class. To assist the assessor in determining the true relationship between real estate and personal property the department of revenue shall make available to local assessors information including figures indicating the relationship between personal property and real property on the last assessment rolls.
Taxpayer examined under oath or to submit return. 70.35(1)(1)
To determine the amount and value of any personal property for which any person, firm or corporation should be assessed, any assessor may examine such person or the managing agent or officer of any firm or corporation under oath as to all such items of personal property and the taxable value thereof as defined in s. 70.34
. In the alternative the assessor may require such person, firm or corporation to submit a return of such personal property and of the taxable value thereof. There shall be annexed to such return the declaration of such person or of the managing agent or officer of such firm or corporation that the statements therein contained are true.
The return shall be made and all the information therein requested given by such person on a form prescribed by the assessor with the approval of the department of revenue which shall provide suitable schedules for such information bearing on value as the department deems necessary to enable the assessor to determine the true cash value of the taxable personal property owned or in the possession of such person on January 1 as provided in s. 70.10
. The return may contain methods of deriving assessable values from book values and for the conversion of book values to present values, and a statement as to the accounting method used. No person shall be required to take detailed physical inventory for the purpose of making the return required by this section.
Each return shall be filed with the assessor on or before March 1 of the year in which the assessment provided by s. 70.10
is made. The assessor, for good cause, may allow a reasonable extension of time for filing the return. All returns filed under this section shall be the confidential records of the assessor's office, except that the returns shall be available for use before the board of review as provided in this chapter. No return required under this section is controlling on the assessor in any respect in the assessment of any property.
Any person, firm or corporation who refuses to so testify or who fails, neglects or refuses to make and file the return of personal property required by this section shall be denied any right of abatement by the board of review on account of the assessment of such personal property unless such person, firm or corporation shall make such return to such board of review together with a statement of the reasons for the failure to make and file the return in the manner and form required by this section.
In the event that the assessor or the board of review should desire further evidence they may call upon other persons as witnesses to give evidence under oath as to the items and value of the personal property of any such person, firm or corporation.
The return required by this section shall not be demanded by the assessor from any farmer, or from any firm or corporation assessed under ch. 76
or from any person, firm or corporation whose personal property is not used for the production of income in industry, trade, commerce or professional practice.
This section shall not be applicable to farm products as defined by s. 93.01 (5)
when owned and possessed by the original producer.
False statement; duty of district attorney. 70.36(1)(1)
Any person, firm or corporation in this state owning or holding personal property of any nature or description, individually or as agent, trustee, guardian, administrator, executor, assignee or receiver or other representative capacity, which property is subject to assessment, who shall intentionally make a false statement to the assessor of that person's, firm's or corporation's assessment district or to the board of review thereof with respect to such property, or who shall omit any property from any return required to be made under s. 70.35
, with the intent of avoiding the payment of the just and proportionate taxes thereon, shall forfeit the sum of $10 for every $100 or major fraction thereof so withheld from the knowledge of such assessor or board of review.
It is hereby made the duty of the district attorney of any county, upon complaint made to the district attorney by the assessor or by a member of the board of review of the assessment district in which it is alleged that property has been so withheld from the knowledge of such assessor or board of review, or not included in any return required by s. 70.35
, to investigate the case forthwith and bring an action in the name of the state against the person, firm or corporation so complained of. All forfeitures collected under the provisions of this section shall be paid into the treasury of the taxation district in which such property had its situs for taxation.
The word assessor whenever used in ss. 70.35
shall, in 1st class cities, be deemed to refer also to the commissioner of assessments of any such city and, where applicable, shall be deemed also to refer to the department of revenue responsible for the manufacturing property assessment under s. 70.995
History: 1973 c. 90
; 1991 a. 156
Notice of higher assessment.
When the assessor places a valuation of any taxable real property, or of any improvements taxed as personal property under s. 77.84 (1)
, which is $300 or more higher than the valuation placed on it for the previous year, the assessor shall notify the person assessed if the address of the person is known to the assessor, otherwise the occupant of the property. The notice shall be in writing and shall be sent by ordinary mail at least 10 days before the meeting of the board of review or before the meeting of the board of assessors in 1st class cities and in 2nd class cities that have a board of assessors under s. 70.075
and shall contain the amount of the increased assessment and the date of the meeting of the local board of review or of the board of assessors. However, if the assessment roll is not complete, the notice shall be sent by ordinary mail at least 10 days prior to the date to which the board of review has adjourned. The assessor shall attach to the assessment roll a statement that the notices required by this section have been mailed and failure to receive the notice shall not affect the validity of the increased assessment, the resulting increased tax, the procedures of the board of review or of the board of assessors or the enforcement of delinquent taxes by statutory means. The secretary of revenue shall by rule prescribe the form of the notice required under this section. The form shall include information notifying the taxpayer of the procedures to be used to object to the assessment.
Net proceeds occupation tax on persons extracting metalliferous minerals in this state. 70.37(1)
The legislature finds that:
The existence has been announced of several economically significant ore bodies containing copper, zinc, lead, taconite and other metalliferous minerals in this state, including one of the largest zinc deposits in North America.
Metalliferous minerals are valuable, irreplaceable natural resources which, once removed, are forever lost as an economic asset to the state.
The activity of mining metalliferous minerals creates jobs, economic activity, tax revenues and other valuable benefits to the economy and residents of this state.
The activity of mining metalliferous minerals creates additional costs to the state and municipalities for highways, sewers, schools and other improvements which are necessary to accommodate the development of a metalliferous mining industry.
The activity of mining metalliferous minerals has a permanent and often damaging effect on the environment of the state.
The activity of mining metalliferous minerals significantly alters the quality of life in communities directly affected by mining.
As the size of a mining operation increases, the cost to the state and municipalities to support the operation increases, as does the damage to the environment. Furthermore, as the size of a mining operation increases, the person mining metalliferous minerals benefits from economies of scale in the mining operation.
A graduated net proceeds occupational tax, by taxing profitability at rates which vary with the level of profitability, encourages important state goals, such as:
Gradual, continuous and complete extraction of metalliferous minerals.
Taxation based on the privileges enjoyed by persons mining metalliferous metallic minerals.
Municipalities incur long-term economic costs as a result of metalliferous mineral mining after the mining operation shuts down. An impact fund, in which is deposited a portion of the tax revenues, should assure that moneys will be available to such municipalities for long- and short-term costs associated with social, educational, environmental and economic impacts of metalliferous mineral mining.
(2) Legislative intent.
It is the declared intent of the legislature to establish a net proceeds occupation tax on persons engaged in the activity of mining metalliferous minerals in this state. The tax is established in order that the state may derive a benefit from the extraction of irreplaceable metalliferous minerals and in order to compensate the state and municipalities for costs, past, present and future, incurred or to be incurred as a result of the loss of valuable irreplaceable metallic mineral resources.
History: 1977 c. 31
Net proceeds occupation tax on mining of metallic minerals; computation. 70.375(1)(ab)
"Controlled entity" means a person at least 50% of the voting stock of which is owned directly or indirectly by another person who is engaged in mining metalliferous minerals.
"Controlling entity" is a person who owns directly or indirectly at least 50% of the voting stock of another person who is engaged in mining metalliferous minerals.
"Extraction of ores or minerals from the ground" includes the extraction, by owners or operators of mines, of ores or minerals from the waste or residue of prior mining unless the extraction is made by a purchaser of waste or residue or by a purchaser of the rights to extract ores or minerals from the waste or residue.
"Gross income from mining" means that amount of income which is attributable to the processes of extraction of ores or minerals from the ground and the application of mining processes, including mining transportation and as further defined in 26 CFR section 1.613-4. In this paragraph "income" means the actual amount for which ore or mineral, less trade and cash discounts actually allowed, is sold if the taxpayer sells the ore or mineral after the application of mining processes. If ore or minerals are sold after the application of nonmining processes, gross income from mining shall be computed as provided in 26 CFR section 1.613-4.
"Gross proceeds" means gross income from mining except as provided under sub. (3)
"Internal revenue code", for taxable year 1981 and thereafter, means the internal revenue code and regulations as amended to December 31, 1981.
"Mine" means an excavation in or at the earth's surface made to extract metalliferous minerals for which a permit has been issued under s. 293.49
"Mine site" means the underground and surface area disturbed by a mine, including the locations from which the minerals or refuse or both have been removed, the surface area covered by refuse, and any surface areas in which structures, haulageways, pipelines, equipment, materials and any other things used directly in connection with the mine are situated.
"Mining" has the meaning under section 613
(c) of the internal revenue code and includes the extraction of ores or minerals from the ground, the transportation of ores or minerals from the point of extraction to the plants or mills at which the treatment processes are applied and the following treatment processes applied to an ore or mineral for which the owner or operator is entitled to a deduction for depletion under section 611
of the internal revenue code:
In the case of iron ore, bauxite and other ores or minerals that are customarily sold in the form of a crude mineral product; sorting, concentrating, sintering and substantially equivalent processes that bring the ore or mineral to shipping grade and form, and loading for shipment.
In the case of lead, zinc, copper, gold, silver, uranium and other ores or minerals that are not customarily sold in the form of the crude mineral product; crushing, grinding and beneficiation by concentration by means of gravity, flotation, amalgamation, electrostatic or magnetic processes, cyanidation, leaching, crystallization or precipitation; not including electrolytic deposition, roasting, thermal or electric smelting or refining; or by substantially equivalent processes or by a combination of processes used in the separation or extraction of the products from other material taken out of the mine or out of another natural deposit.
Any treatment processes provided for by rules promulgated by the department.
For purposes of this section, "mining" does not include the extraction or beneficiation of sand or gravel or the following treatment processes unless they are provided for under subd. 1. d.
: electrolytic deposition, roasting, calcining, thermal or electric smelting, refining, polishing, fine pulverization, blending with other materials, treatment effecting a chemical change, thermal action, molding and shaping.
"Mining-related purposes" means activities which are directly in response to the application for a mining permit under s. 293.37
; directly in response to construction, operation, curtailment of operation or cessation of operation of a metalliferous mine site; or directly in response to conditions at a metalliferous mine site which is not in operation. "Mining-related purposes" also includes activities which anticipate the economic and social consequences of the cessation of mining. "Mining-related purposes" also includes the purposes under s. 70.395 (2) (g)
"Municipality" means any county, city, village, town or school district.
"Person" means a sole proprietorship, partnership, limited liability company, association or corporation and includes a lessee engaged in mining metalliferous minerals.
"Secretary" means the secretary of revenue.
In respect to mines not in operation on November 28, 1981, there is imposed upon persons engaged in mining metalliferous minerals in this state a net proceeds occupation tax effective on the date on which extraction begins to compensate the state and municipalities for the loss of valuable, irreplaceable metalliferous minerals. The amount of the tax shall be determined by applying the rates established under sub. (5)
to the net proceeds of each mine. The net proceeds of each mine for each year are the difference between the gross proceeds and the deductions allowed under sub. (4)
for the year.
The secretary may promulgate any rules necessary to implement the tax under ss. 70.37
and 70.395 (1)
. In respect to mines not in operation on November 28, 1981, ss. 71.10 (1)
, 71.30 (1)
, 71.74 (2)
, 71.80 (6)
, 71.83 (1) (a) 1.
and (b) 2.
and (2) (a) 3.
and (b) 1.
and 71.85 (2)
apply to the administration of this section.
There is imposed upon persons engaged in mining metalliferous minerals in this state in respect to mines in operation on November 28, 1981, a net proceeds occupation tax effective on the date on which extraction begins to January 1, 1991, to compensate the state and municipalities for the loss of valuable, irreplaceable metalliferous minerals. The amount of the tax shall be determined by applying the rates established under sub. (5)
to the average of the net proceeds of the person for the preceding 3-year period. The net proceeds of a person for each year shall be the difference between the gross proceeds, computed under sub. (3)
for the year, and the deductions allowed under sub. (4)
for the year.
(3) Alternate computation of gross proceeds.
If products are sold or transferred to a person operating a smelting, refining or other processing or marketing facility which is located outside of the United States or to a controlled entity or controlling entity of the seller or transferor and if the secretary determines that the gross proceeds under sub. (1) (am)
do not reflect or demonstrate the gross proceeds that would have been received from an unrelated purchaser for the product under similar circumstances, the gross proceeds shall be computed under this subsection. For the purpose of this subsection "control" means direct or indirect ownership of at least 50% of the total combined voting stock of the corporation. The gross proceeds shall be computed by multiplying that part of the production of recovered metalliferous minerals which were sold or transferred during the taxable year by the average price of that mineral for the taxable year and then subtracting the cost of postmining processes, including the cost of capital (interest and earnings) imputed to that production. The average price shall be computed from the monthly prices published in the engineering and mining journal as follows:
Taconite pellets, lower lake ports price, net of unloading charges.
Copper, United States producer price, F.O.B. refinery.