AB150-SA104,1,154
79.03
(3) (b) 3. "Full valuation" means the full value of all taxable property for
5the preceding year as equalized for state tax purposes, except that for municipalities
6the value of real estate assessed under s. 70.995 is excluded
and 25% of the value of
7property under s. 70.32 (2) (a) 2. and (b) 2. is excluded. Value increments under s.
866.46 are included for municipalities but excluded for counties. If property that had
9been assessed under s. 70.995 and that has a value exceeding 10% of a municipality's
10value is assessed under s. 70.10, 30% of that property's full value is included in "full
11valuation" for purposes of the shared revenue payments in the year after the
12assessment under s. 70.10, 65% of that property's full value is included in "full
13valuation" for purposes of the shared revenue payments in the year 2 years after the
14assessment under s. 70.10 and 100% of that property's full value is included in "full
15valuation" for purposes of subsequent shared revenue payments.
AB150-SA104,2,3
179.03
(3c) (a)
Definition. In this subsection, "full valuation" has the meaning
2given in sub. (3) (b) 3.
, except that the total value of commercial property is
3included.".
AB150-SA104,2,6
5"
(1p) Shared revenue; commercial property. The treatment of section 79.03
6(3) (b) 3. and (3c) (a) of the statutes first applies to payments for 1996.".
