Exemption of Personal Property Tax

Locally-Assessed and State Manufacturing

Based on the 2023 Wisconsin Act 12, both locally assessed and state manuacturing personal propery will be exempt from taxation effective January 1,  2024 statewide!

In past years, businesses were sent a form (Statement of Personal Property) in early January which had to be returned by March 1st to the Assessor which determined the assessed value. Effective January 1, 2024, this form will not be sent to any business since Personal Property will be exempt from taxation.  The Village will receive personal property aid for the loss of personal property tax revenue.  The Department of Revenue will determine this aid to be paid beginning in calendar year 2025