October 3, 2006 School District Clerks

DATE:             October 3, 2006

TO:                  School District Clerks
                       
FROM:            David Carlson, Director
                        School Financial Services Team

RE:                  Fall School District Certification of 2006 Values - Tax Apportionment
                        Computer Exemption Aid Information
                       
Fall School District Certification of 2006 Values - Tax Apportionment

The Wisconsin Department of Revenue (DOR) certifies two versions of equalized property values to the Wisconsin Department of Public Instruction for each calendar year.  The property values are provided to the Department of Public Instruction for distribution to school districts.  In the fall, DOR certifies values to be used for the tax apportionment of school levy.  In the spring, DOR certifies equalized property values for the purpose of school aid computation.

Enclosed is your school district's copy of the "Fall School District Certification of 2006 Values - Tax Apportionment" to be used by school district clerks to certify the 2006-2007 school district tax levy to municipal clerks.  Districts will use the values with TID excluded (TID-Out) for apportionment of the school levy. 

The Department of Revenue also certifies an additional property value in the fall.  This value, TID Out Exempt Computer Value, is the value of computers within your district that is exempt from the school district property tax.  Districts will use this value to calculate a state aid payment that is intended to replace the tax money that has been lost due to the property tax exempt status of computers.  It is important for districts to calculate the amount of this aid payment because it does affect your district's maximum fund 10 levy under revenue limits.  In essence, the exempt computer aid replaces a portion of your district's maximum allowable fund 10 levy.

It is important to note that districts should not attempt to calculate their computer exemption aid until they have calculated what they believe will be their final revenue limit computation which includes the department's October 15 certification of the district's 2006-2007 general aid payment.

dgd

Enclosure:  Fall School District Certification of 2005 Values - Tax Apportionment

For questions about this information, contact dpifin@dpi.wi.gov (608) 267-9114

Last updated on 2/25/2008 12:04:07 PM