Property Tax Programs
First Dollar Credit
What is First Dollar Credit?
The Governor established the First Dollar Credit in Act 20, the 2007-2009 biennial budget. The final form of Act 20 that passed by the State Legislature designated $75,000,000 to be allocated towards the 2008 tax bill of any real property in Wisconsin with an improvement on it. It was the Governor's intent to offer a credit that would exempt the first few thousand dollars in value on properties with improvements in order to east the burden of those tax payers.
What parcels qualify for the First Dollar Credit?
Every taxable parcel in the State of Wisconsin qualifies for the First Dollar Credit proveded that property contains a building (improvement). This includes business, commercial and private property. Unlike the Lottery and Gaming Credit, the property does not need to be the primary residence of the owner. The credit does not apply to personal property tax bills for businesses.
Does a property owner have to apply for this credit?
No, this credit should be automatically applied to all qualifying properties. If the property tax bill has an amount shown in the "Ass'd Value Improvements" box, that property should receive the credit.
Can an owner receive credit on more than one property?
Yes, each taxable property (with an improvement) qualified for this credit. Unlike the Lottery and Gaming Credit, it does not have to be the primary residence of the owner.
How is the First Dollar Credit calculated?
Much like the Lottery and Gaming Credit, the maximum credit value, based on the estimated fair market value, is multiplied by the equalized value school tax rate.
Please contact the Burnett County Treasurer at: (715) 327-2187.
Are there any programs to help me with property taxes?
The Wisconsin Department of Revenue administers two programs to help people with
their property taxes – the Homestead Tax Credit Program and the Property Tax Deferral Loan Program.
For information on the Homestead Tax Credit Program:
Wisconsin Department of Revenue
P.O. Box 8903 Madison, WI 53708-8903
For information on the Property Tax Deferral Loan Program:
WHEDA (Wisconsin Housing and Economic Development Authority)