Property Tax Alert: Wisconsin

May 2007

An equipment rental company's personal property did not qualify for an exemption from Wisconsin property taxes because it was rented for periods longer than those statutorily prescribed. Under §70.111(22) of Wisconsin Statutes, only property held for rental for one month or less is exempt from taxation. Accordingly, the company's claim for a refund of taxes paid to the city for rented personal property was denied.

Please contact Rash & Associates for more information.