Wis. Admin. Code Tax § 18.03

Current through May 28, 2024

Section Tax 18.03 - Assessment of agricultural property in 1996 and in 1997

(1) For assessments as of January 1, 1996 and January 1, 1997, the assessed value of each parcel of agricultural land is the assessed value of that parcel as of January 1, 1995.

(2) For assessments as of January 1, 1996 and January 1, 1997, property classified Other is assessed according to s. 70.32(1), Stats.

Example: Thirty-seven acres of a 40-acre legal description are devoted primarily to agricultural use and are assessed as provided in sub. (1). The remaining 3 acres are needed for the location and convenience of a residence, barn, farm buildings, and well. The 3 acres, residence, buildings and facilities are assessed according to s. 70.32(1), Stats., on January 1, 1996 since they are classified "Other".

Wis. Admin. Code Department of Revenue § Tax 18.03

Cr. Register, August, 1996, No. 488, eff. 9-1-96.