Outline
The Wisconsin PR-230 form is a crucial document for property owners seeking tax exemptions in the state. It serves as the official request for property tax exemption and must be filed by March 1 of the assessment year to qualify. This form requires detailed information about the applicant, including their organizational structure and purpose. It also asks for specifics about the property in question, such as its location, estimated market value, and how it is utilized. The form emphasizes the importance of providing complete and accurate information, as any omissions can lead to denial of the exemption. Additionally, it requires a list of any tenants or other parties using the property, along with their respective agreements and usage details. Supporting documents, such as proof of non-profit status and property surveys, must accompany the application. Understanding the nuances of the PR-230 form is essential for applicants to navigate the exemption process effectively.
Steps to Filling Out Wisconsin Pr 230
Completing the Wisconsin PR 230 form is an essential step for property owners seeking tax exemption for their property. It is crucial to provide accurate and complete information to avoid any delays or denials in the exemption process. Below are the steps to guide you through filling out the form correctly.
- Begin with Section 1 – Applicant Information. Fill in your name, the date, and your business structure (e.g., sole proprietorship, corporation).
- Provide details for the contact person, including their address, phone number, email, and relationship to the applicant.
- If applicable, include information about the registered agent, including their contact details.
- List the mailing address and phone number for the applicant, if different from the contact person.
- Identify each organizational officer, including their address, phone number, and position within the organization.
- Specify the use of the property from the options provided (e.g., library, charity, educational).
- Identify the statutory reference that supports your exemption claim.
- Clearly state the organization’s purpose, mission, and primary goals.
- Describe the services provided by the organization and list the primary beneficiaries.
- Indicate whether a fee is charged for services and, if so, specify the amount.
- Answer questions regarding free services and any obligations to provide services to those who cannot pay.
- Detail any subsidies, grants, or loans received to operate the organization.
- Provide information on the annual gross income derived from donations.
- Move to Section 2 – Subject Property Information. Fill in the address, tax parcel number, and legal description of the property.
- State the estimated fair market value of the property and, if applicable, provide details about an independent appraisal.
- Identify the owner of the property, including the relationship to the applicant if different.
- Complete the dates regarding when the owner acquired the property and when it was first occupied.
- Explain how the applicant uses the property and why it qualifies for a tax exemption.
- Proceed to Section 3 – Tenant Information. List all individuals or entities that have the right to use the property, providing their contact details and the nature of their use.
- Indicate the percentage of the property used by others and whether it has been used for unrelated business purposes.
- In Section 4 – Attachments, attach copies of necessary documents, such as proof of non-profit status and other relevant agreements.
- Finally, complete Section 5 – Affidavit. Sign and date the form, ensuring that all information provided is accurate and complete.
Once the form is filled out, review it for any errors or missing information. After ensuring everything is correct, submit the completed form along with any required attachments to the assessor in your taxation district by the deadline of March 1. This timely submission is critical for eligibility for the current assessment year.
Key takeaways
Here are some key takeaways regarding the Wisconsin PR 230 form, which is used to request property tax exemption:
- Filing Deadline: Submit the completed form and any necessary attachments to the local assessor by March 1 for the current assessment year.
- Complete Information: Ensure all sections of the form are filled out thoroughly. Incomplete forms may lead to denial of the exemption.
- Applicant Details: Provide accurate information about the applicant, including name, contact details, and organizational structure.
- Property Use: Clearly describe how the property will be used. This includes identifying the specific purpose and beneficiaries of the services provided.
- Statutory Reference: Include a precise reference to the law that supports the exemption request.
- Financial Information: Disclose any fees charged for services, revenue earned, and any free services provided. This information is crucial for assessing eligibility.
- Tenant Information: If applicable, list all tenants or occupants of the property, including their usage and any fees they pay.
- Attachments Required: Attach necessary documents, such as proof of non-profit status and any relevant agreements related to the property.
- Affidavit Requirement: The form must be signed by an authorized individual, certifying the truthfulness of the information provided.
- Legal Compliance: Familiarize yourself with the relevant Wisconsin statutes to ensure compliance with all legal requirements for property tax exemption.
More PDF Templates
Wisconsin Cfs 2114 - CFS-2114 fosters accountability among childcare providers for their educational pursuits.
For those needing clarity on ownership transfer, our guide on how to complete the mobile home bill of sale process is invaluable. You can find the form and further instructions here, which includes tips on the Mobile Home Bill of Sale.
Wisconsin Medicaid Income Limits 2023 - It includes sections for basic applicant information, such as name and date of birth.
Documents used along the form
When applying for a property tax exemption in Wisconsin using the PR 230 form, several other forms and documents may be required to support the application. These documents help provide necessary information about the applicant, the property, and its use. Below is a list of commonly associated documents that are often needed alongside the PR 230 form.
- Proof of Non-Profit Status: This document, such as a Determination Letter under I.R.C. 501(c)(3), verifies that the organization is recognized as a non-profit entity by the IRS. This status is crucial for qualifying for property tax exemptions.
- Articles of Incorporation: This legal document outlines the creation of a corporation and includes details such as the organization's purpose, structure, and governance. It is essential for establishing the legitimacy of the applicant organization.
- Form 990: This is an annual information return that tax-exempt organizations must file with the IRS. It provides a comprehensive overview of the organization’s financial activities, ensuring transparency and compliance with tax laws.
- Leases and Subleases: These documents outline the terms under which tenants use the property. They are necessary to clarify how the property is occupied and whether it is being used in a manner that supports the exemption request.
- Quitclaim Deed: This document facilitates the transfer of property ownership without any warranty on the title, making it essential for clear title issues. For those interested in templates for such forms, consider using the PDF Document Service.
- Appraisal of the Subject Property: An independent appraisal assesses the fair market value of the property. This document is important for determining whether the property meets the criteria for tax exemption based on its value and use.
Gathering these documents can significantly enhance the chances of a successful exemption application. It is important to ensure that all required forms and supporting materials are completed accurately and submitted on time to the appropriate taxing authority.