Wisconsin Statutes 76.125 – Net tax rate for commercial and manufacturing property
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 76.125
- Property: includes real and personal property. See Wisconsin Statutes 990.01
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
(1) Using the statement of assessments under s. 70.53 and the statement of taxes under s. 69.61, the department shall determine the net rate of taxation of commercial property under s. 70.32 (2) (a) 2., of manufacturing property under s. 70.32 (2) (a) 3. and of personal property under s. 70.30 as provided in subs. (2) to (6). The department shall enter that rate on the records of the department.
(2) For each taxation district add the assessed values of the property specified in sub. (1).
(3) Multiply the amount under sub. (2) by the taxation district’s net tax rate.
(4) Add the amounts under sub. (3) for all taxation districts.
(5) Determine the value, as equalized under s. 70.57, of all the property in this state of the types specified in sub. (1).