DOR Update 6/21/2017. Presenters. Topics of Discussion. Clerk, Treasurers & Finance Officers Institute Stevens Point June 21, 2017

Transcription

1 6/21/ DOR Update Clerk, Treasurers & Finance Officers Institute Stevens Point June 21, 1 Presenters Valeah Foy, Director Local Government Services Deb Werner Kelln, Revenue Auditor Local Government Services Stacy Leitner, Community Services Specialist Technical & Assessment Services Kristin Filipiak, Community Services Specialist Technical & Assessment Services 2 Topics of Discussion General updates Tax Incremental Finance Local Government Services Resources Your questions 3 1

2 6/21/ Division of State & Local Finance Claude Lois Administrator Julie Raes Deputy Administrator Mary Gawryleski Equalization Tim Drascic Manufacturing & Utility Valeah Foy Local Government Services Scott Shields Technical & Assessment Services 4 General Calendar Items June 2 active and terminated TIDs posted June 6 initial Board of Review meeting must be held June 12 o Reports due Statement of Assessment (SOA), Exempt Computer Report (ECR), Municipal Assessment Report (MAR), TID Assessment Report (TAR) o Post 2016 Town, Village, City Tax Bulletin July TID Annual Report due July 31 deadline to provide DOR with changes (ex: forms, publications, applications) 5 General Calendar Items, cont. August 1 preliminary Equalized Values August 7 deadline to provide DOR with any potential errors August 15 DOR provides Equalized Values August 31 Amended Exempt Computer Reports due 6 2

3 6/21/ Manufacturing and Utility 7 Manufacturing & Utility Contact sheet and map handouts District Offices in Eau Claire, Green Bay, Madison and Milwaukee Property valuation: manufacturing, telecommunications, pipelines, airlines and railroads Gross Receipts: power companies About 11,300 parcels of real property About 9,600 personal property accounts 8 Manufacturing & Utility, cont. Manufacturing Landing Page on DOR website revenue.wi.gov/pages/manufacturing/home.aspx MFG Assessment Rolls Adobe PDF (by county) o Notification (Feb), Full Value (May/June) and Equated (Oct/Nov) rolls o Separate links to real estate and personal property on landing page o Only distributed through website MFG Comma Separated Values (CSV) & web view HTML ww2.revenue.wi.gov/retrwebrolls/application Telecommunications and Other Utilities revenue.wi.gov/pages/utilities/home.aspx 9 3

4 6/21/ Equalization 10 Equalization Contact sheet and map handouts Equalized values Assessment compliance Assessment appeals (70.85) Tax incremental district values Chargeback & Omit requests Annual Assessor meetings & other training 11 Technical and Assessment Services 12 4

5 6/21/ Technical & Assessment Services Contact sheet handout Staff changes o New Tim Johnson, Dennis Unterbrink and Matt Lentz o Retirement Jennie Miller o Technology & Applications OTAS@wisconsin.gov o Tax Incremental Finance tif@wisconsin.gov o Assessor Cert & Assessment Standards bapdor@wisconsin.gov 13 Technical & Assessment Services, cont. Form and Application Update Process summary Changes collected through July 31 o Public comments o Assessor requests o Law changes o Court cases published appellate court and supreme court decisions o General updates and clarification Potential exceptions to July 31 law change, court case 2018 changes received to date o Wisconsin Property Assessment Manual (WPAM) o Forms 14 Local Government Services 15 5

6 6/21/ Local Government Services (LGS) Contact sheet handout New supervisor Jeremy Wedige New auditors o Real Estate Transfers Deborah Wegner o Property Tax Credits Rachana Shelat o lgs@wisconsin.gov o eretr@wisconsin.gov 16 Tax Incremental Finance 17 Tax Incremental Districts (TIDs) 2,052 TIDs created since TIDs terminated since 1976 Average life = 14.5 years June 1, : 1,238 Active TIDs in 425 municipalities 307 mixed use 301 industrial 295 blight 156 pre rehab/conservation 16 environmental 10 legislative exceptions 4 town 18 6

7 6/21/ Tax Incremental Finance (TIF) Website Online Services TIF Law Forms/Information Reports Resources Manuals/Publications Common Questions Common Forms 19 TID Creation Timeline Municipal resolution adopted Oct 1, 2016 Sept 30, Parcels in the TID use January 1, values TID certified by DOR in early 2018 Parcels coded to the 2018 tax roll Revenue from taxes bills for 2018 are payable in 2019 First increment revenue January 1,

8 6/21/ TID Creation Timeline, cont. January 1 Parcel Value Date October 31 New TID forms due to DOR May 15 Muni requests DOR calculate increment August 1 preliminary equalized values rd Monday in December Tax Increment Worksheet January First increment received 2019 September 30 After January 1 2nd Monday municipal resolution DOR sends base in June creation deadline value Assessor reports certification value 2016 Wisconsin Department of of Revenue August 15 Final Equalized Values July 1 first Annual Report due to DOR for 2018 Joint Review Board (JRB) Standing until TID terminates Representatives County, School, Tech College, Municipality and Public Member Responsibilities o Adopt or reject resolutions for TID creations, amendments and extensions o Review TID annual reports 23 JRB TID Creation Municipality must provide TID type and expected life Location of the TID boundary map Purpose of the TID project plan Tax increment dollars needed Specific projects and costs Future benefits to property owners/community 24 8

9 6/21/ JRB Decision Criteria 1. Development occur without use of TIF? 2. Economics measured sufficient? 3. Benefits of proposal outweigh tax increments? 25 Extensions Available Types 1. Standard 2. Technical college 3. Affordable housing Review type only certain TIDs qualify Standard/Tech college o Review TID payment schedule o Allows additional time to pay on existing debt o Does not change expenditure period TIF Law Changes Joint Review Board o TID review period changed from 30 to 45 days o Must remain standing until all existing TIDs terminate TID creations o Add one year to TIDs created between Sept 30 and May 15 o Exclude city owned property from the base value o Remove restriction on percent of vacant property 27 9

10 6/21/ 2016 TIF Law Changes, cont. Amendments (territory, allocation, project plan) o Planning commission notice from class 2 to class 1 Existing TIDs o 3 year extension for impact by 2013 Act 145 that increased state aid to technical colleges o TID Annual Report required 2016 forward 28 TID Annual Report New in! Form PE 300 on DOR website Municipalities with active TIDs created before 2015 must file 2016 TID Annual Report with DOR Municipalities must provide a copy to JRB and meet to review Due date July 3, All reports posted to DOR website 29 TID Annual Report, cont. Beginning Fiscal Balance Expenditures Revenue Ending Fiscal Balance Future Project Costs 30 10

11 6/21/ TID Annual Report, cont. Extension/Grace Period/Penalty Submit estimate before July 3, for 30 day Extension (due date becomes August 2, ) 60 day grace period allowed after due date No report submitted after grace period, penalty is $100 per day per TID Filing period ends November 1 31 TID Annual Report, cont. Reminders and Notification notification to municipalities with an active TID when form is available for the year reminders start 30 days before due date (June 2) to municipalities that did not file Additional s municipalities that did not file by due date when penalties begin 32 TID Annual Report, cont. Joint Review Board Meeting Ask each taxing jurisdiction for representative Notify each representative before meeting Publish a notice five days before meeting Annual Report must be available on request and at meeting Physical location for municipality to welcome public JRB members may participate via teleconference 33 11

12 6/21/ TID Annual Report, cont. How do I determine the amounts to enter? o See your local Accountant/Treasurer Will DOR audit the report? o No, you are responsible for the data Who will answer questions from the public about the report posted on DOR's website? o The "Contact Person" specified in the report 34 TID Annual Report, cont. Is the JRB required to meet to review this report? o Yes. Publish a notice five days before the meeting and have copies of the report available. The TID numbers are not in the dropdown? o After typing the municipal name or co muni number in the search bar, click the appropriate municipality o List of TIDs will show in the dropdown How long can I amend the report? o Through November 1 35 TID Annual Report, cont. Save = not filed o Saved on DOR system (not to local PC) o You can return and finish later o Not published Submit = filed o Must submit before deadline to be considered filed timely o Estimate submitted extends due date; not published o Final submitted published next business day 36 12

13 6/21/ LGS Updates 37 LGS Update June Lottery credit audits underway o Reaching out to recipients in several counties o Will result in special charges added to tax bills for those who did not qualify for the credit (not primary January 1, 2016) Statement of Assessment o Due second Monday in June or after Board of Review (BOR) State rate memo Town, village and city (TVC) taxes bulletin posted 38 LGS Update July County sharing of real estate transfer fee Payments on July 24 fourth Monday in July o Shared revenue payments o First dollar credit payments o School levy tax credit payments o Exempt computer aid payments 39 13

14 6/21/ LGS Update August Certificates of equalized values (counties, municipalities) Wrapping up lottery credit audit mailings Publish property tax bill template changes Chargeback review (ongoing into October) Recast of prior year shared revenue 40 LGS Update September Levy limit worksheets available online Certify equalized values for schools, technical colleges and special districts Revised and 2018 Original shared revenue estimates exempt computer value notices 41 Room Tax Reporting Results New was due May 1, Municipalities that imposed room taxes Form SL 304 available in February E filed with DOR 330 received Submissions are posted on DOR website: ww2.revenue.wi.gov/vaultpublic/publish/rt/report.html Form is still available if you need to file or amend 42 14

15 6/21/ LGS Form Changes Expenditure Restraint Budget Worksheet (SL 203) o E file form o Due date May 1 o Form information Auto fill: prior year budget and calculations Notifies user if they qualify or not Must attach budget summary LGS Form Changes, cont. Apportionment forms o E file form only o Available in October o Due dates: October 31 technical colleges November 15 counties and special districts o Form information Apportions reported tax levies and referenda amounts based on equalized values LGS Form Changes Municipal Levy Limit Worksheet (SL 202m) County Levy Limit Worksheet (SL 202c) o E file forms only o Available in September o Due date December 15 o Form Information Calculates allowable levy limit Review before compiling next year's budget

16 6/21/ LGS Form Changes Tax Increment Worksheet (TIW) o E file form only o Due date December 18 o Auto fill Equalized values Apportioned levies LGS Form Changes Statement of Taxes (SOT) o E file form only o Due date December 18 o Auto fill Apportionments Tax increment DNR acres reported on SOA LGS Form Changes Utilizing new e file framework for future forms Statement of Assessment o No change to file transfer o New framework only replaces Adobe form Levy limit worksheets Apportionment forms Statement of Taxes

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18 6/21/ Click on me you will not be able to click start filing until you do Municipality code and name should be on this line to proceed with filing 18

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22 6/21/ The green box to the right outlines the error symbol. 22

23 6/21/ State Debt Collection

24 6/21/ State Debt Collection (SDC) DOR provides debt collection services to local governments Over 120 municipalities currently participate Debts delinquent for 90 days are eligible for referral o Debt is owed directly to local government o Debtor received notice/appeal rights State Debt Collection (SDC) Common examples o Personal property taxes o Municipal utility bills o Local police and fire dept. inspection/service fees o Municipality owned ambulance service debts o Housing authority debts o Municipal court debts o Parking tickets State Debt Collection (SDC) SDC Process o DOR utilizes tools to collect municipal debt, such as payment plans, wage garnishments, bank levies, income tax refund offset (ex: TRIP, unclaimed property setoffs) o DOR assesses the debtor a fee o No charge to local governments for participating For more information and/or to enroll o Phone (608) o SDC@wisconsin.gov

25 6/21/ Resources 73 Updates Stay Informed! Receive updates about law changes, filing reminders, updated reports and notifications Subscribe at revenue.wi.gov/pages/governments/home.aspx o Click "Sign up for updates" and select Municipal Clerks Municipal Treasurers 74 Resources DOR website: revenue.wi.gov Online videos "Helpful Videos" and select "More videos " o Select the "Govt" tab on the Video Center page o Examples: My tax account, eretr, assessment topics (frac sand, use value) Annual calendar: revenue.wi.gov/dorreports/tvccal.pdf 75 25

26 6/21/ Resources, cont. Wisconsin Property Assessment Manual: revenue.wi.gov/pages/html/govpub.aspx#property Publications: revenue.wi.gov/pages/html/pubs.aspx Reports: revenue.wi.gov/pages/report/home.aspx Common questions: revenue.wi.gov/pages/faqs/home pt.aspx 76 Thank you Contact us: o Search in the Governments section by topic or bureau Questions/comments/suggestions? 77 26