Governor Signs Warrens Property Tax Bill

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Mar 21, 2012 No Comments ›› Admin

For Immediate Release 3/21/2012                                                              

Governor Signs Warrens Property Tax Bill

Vinehout/Lassa bill will prevent large property tax increase

Madison — A bill that will prevent a large property tax increase in the Village of Warrens in Monroe County was signed into law by Governor Scott Walker at a ceremony at the State Capitol this afternoon.  The bill, authored by State Senator Kathleen Vinehout (D-Alma) and Senator Julie Lassa (D-Stevens Point) will permit the village to correct for an error made by the Department of Revenue in assessing the value of a TIF district.

 In 2011, the Department of Revenue (DOR) undervalued Tax Incremental District Number 1 in Warrens.  By law, DOR must make up the shortfall by increasing its valuation in the following year.  While the error would lower tax bills in the short term, the correction would result in a property tax increase of nearly 100 percent the following year.  The bill permits temporary adjustments of levy limits to allow Warrens to even out tax levies over two years.

“The Department of Revenue admitted to an error that would have created a property tax increase for Warrens residents,” said Sen. Vinehout. “I am grateful that the Legislature and the Governor acted to remedy this mistake.”

“The property tax payers of Warrens shouldn’t have to suffer because of a DOR error,” Sen. Lassa said. “I’m glad we were able to get this legislation passed into law in the last days of the legislative session.”

Warrens is currently located in the 31st Senate District, represented by Sen. Vinehout; it will be in the 24th Senate District, currently represented by Senator Lassa, under redistricting plans approved by the Legislature last year. 

Contact: Sen. Vinehout (608) 266-8546     Sen. Lassa (608) 266-3123

 


Voters for Vinehout

P.O. Box 1274
Eau Claire, WI 54702
608-287-9883
info@kathleenvinehout.org