2023 Wisconsin Act 12 - Property Tax Info
The Wisconsin Department of Revenue (DOR) recently provided an overview of 2023 Wisconsin Act 12, which contains significant statewide changes beginning with assessments as of January 1, 2024. Below are three main points of interest to annual property tax filers.
Locally assessed personal property is exempt from taxation.
State assessed manufacturing personal property is exempt from taxation, and.
State assessed rail personal property is exempt.
2023 Wisconsin ACT 12 also maintains personal property assessment and taxation laws for:
Completion of the 2023 personal property tax collections during 2024.
Correction of 2023 personal property errors on the 2024 assessment roll.
Assessment of omitted personal property from 2022 and 2023 on the 2024 assessment roll or omitted from 2023 on the 2025 assessment roll.
Please note that Manufacturing Real Estate (M-R) returns are still due as normal by March 1st.
Unfamiliar with the Wisconsin property tax process or would like assistance navigating the changes, we can help!