MONROE - The equalized values of tax increment districts around the county compared to their values last year were not surprising - except for one case: Monroe's downtown district, TID No. 7.
Wisconsin Department of Revenue reported Thursday, Aug. 15, the equalized values and changes of TIDs from 2012 to 2013. Value changes in the 16 TIDs in Green County ranged from a nine percent decrease in Monticello, down $493,800, to a 25 percent increase for Monroe's north industrial park, up $1.43 million.
Monroe's industrial park saw the construction of a new bus terminal for Lamers Bus Lines last summer.
But the biggest surprise is the downtown district, TID 7, which has been struggling to increase its value and unable to meet its payments on a loan for new infrastructure and streetscape from 2009.
This year, the district's equalized value, now standing at $39.4 million, is up 22 percent, nearly $7 million higher than in 2012.
The one-year increase is almost three times the previous total increased amount the district has seen in its lifetime. The district was started in 2005 at about $30 million, as a blighted area, and is scheduled to dissolve in 2027.
Last year the district was at $32.4 million - an increase of just $2.4 million in six years - and TID 7 actually lost $3 million in 2011, down nine percent at the time from its 2010 value of $34.4 million.
Officials at the city hall, the county offices and the city's assessor, Appraised Associated Appraisal Consultants Inc., this week were unable to explain the dramatic 2013 increase. Manufacturing assessments are conducted by the state, not the city assessors.
Some obvious improvements have taken place downtown, such as commercial buildings on the Square and Minhas' new distillery.
But Monroe City Comptroller Bridget Schuchart said the increase seems "out of line" with what would be expected.
Monroe's TID No. 4 in the north industrial park was another TID with a good value increase. Its 22 percent increase amounts to $1.4 million, up from $5.8 million to $7.2 million. That TID began in 1996 at $423,600 - making $6.8 million over its lifetime so far.
New Glarus' TID No. 3 was up $883,500, or 12 percent, in the 2013 report. It began at $19,300 in 2006 for mixed-uses and has reached $8.4 million. The district had a two percent increase in 2011.
Brodhead TID No. 3 was started as a blighted area in 2002 at $50,000. The district saw an eight percent increase in its 2013 equalized value, up $486,400 to reach 6.9 percent. The district value lost about $300,500 in 2011.
Monroe's other three tax increment districts, Nos. 5, 6 and 8, round out the list of winners for 2013 equalized values, garnering 2, 1 and 0 percent increases respectively. Districts 5 and 6 are on the city's west side and district 8 is on the far north side along N. 18th Avenue and Mansion Drive. Together, the three TIDs increased just $626,000 in 2012.
Monticello's lone TID began in 1996 at $1.5 million and had grown to $5.1 million by 2012. It lost $473,800 in 2012 to end at $4.6 million.
Age has nothing to do with TIDs' loses and gains.
Belleville and Albany's single TIDs lost seven percent each in 2012.
Belleville's TID is the youngest in the county, begun in 2009 with $368,000. From $343,900 at the start of 2012, it lost another $24,400 to end at $318,900.
Albany, another municipality with only one TID, saw its district, the second oldest, begun in 1995, lose $341,000 last year to end at $4.8 million.
Brodhead's TID No. 2, from 1992 and now the oldest-existing TID in the county, and Brooklyn's only TID, the county's second youngest, lost six percent each in 2012. Brooklyn is out $264,000, and Brodhead TID 2 is down $293,000.
Brooklyn's TID began in 2008 at $4.4 million and has lost a cumulative total of eight percent so far, to end at $4.1 million.
Brodhead's TID 2 was begun in 1992 with $393,000. It is at $4.4 million today.
New Glarus TID No. 2 was down two percent to $17.2 million, having lost $339,000 in 2012.
Three remaining TIDs in Brodhead, Nos. 4, 5, and 6, lost one percent value each, totaling $29,600. All are up from their starting values.
All totaled, Green County TIDs are up $8.6 million, averaging 6.6 percent above last year.
Wisconsin Department of Revenue reported Thursday, Aug. 15, the equalized values and changes of TIDs from 2012 to 2013. Value changes in the 16 TIDs in Green County ranged from a nine percent decrease in Monticello, down $493,800, to a 25 percent increase for Monroe's north industrial park, up $1.43 million.
Monroe's industrial park saw the construction of a new bus terminal for Lamers Bus Lines last summer.
But the biggest surprise is the downtown district, TID 7, which has been struggling to increase its value and unable to meet its payments on a loan for new infrastructure and streetscape from 2009.
This year, the district's equalized value, now standing at $39.4 million, is up 22 percent, nearly $7 million higher than in 2012.
The one-year increase is almost three times the previous total increased amount the district has seen in its lifetime. The district was started in 2005 at about $30 million, as a blighted area, and is scheduled to dissolve in 2027.
Last year the district was at $32.4 million - an increase of just $2.4 million in six years - and TID 7 actually lost $3 million in 2011, down nine percent at the time from its 2010 value of $34.4 million.
Officials at the city hall, the county offices and the city's assessor, Appraised Associated Appraisal Consultants Inc., this week were unable to explain the dramatic 2013 increase. Manufacturing assessments are conducted by the state, not the city assessors.
Some obvious improvements have taken place downtown, such as commercial buildings on the Square and Minhas' new distillery.
But Monroe City Comptroller Bridget Schuchart said the increase seems "out of line" with what would be expected.
Monroe's TID No. 4 in the north industrial park was another TID with a good value increase. Its 22 percent increase amounts to $1.4 million, up from $5.8 million to $7.2 million. That TID began in 1996 at $423,600 - making $6.8 million over its lifetime so far.
New Glarus' TID No. 3 was up $883,500, or 12 percent, in the 2013 report. It began at $19,300 in 2006 for mixed-uses and has reached $8.4 million. The district had a two percent increase in 2011.
Brodhead TID No. 3 was started as a blighted area in 2002 at $50,000. The district saw an eight percent increase in its 2013 equalized value, up $486,400 to reach 6.9 percent. The district value lost about $300,500 in 2011.
Monroe's other three tax increment districts, Nos. 5, 6 and 8, round out the list of winners for 2013 equalized values, garnering 2, 1 and 0 percent increases respectively. Districts 5 and 6 are on the city's west side and district 8 is on the far north side along N. 18th Avenue and Mansion Drive. Together, the three TIDs increased just $626,000 in 2012.
Monticello's lone TID began in 1996 at $1.5 million and had grown to $5.1 million by 2012. It lost $473,800 in 2012 to end at $4.6 million.
Age has nothing to do with TIDs' loses and gains.
Belleville and Albany's single TIDs lost seven percent each in 2012.
Belleville's TID is the youngest in the county, begun in 2009 with $368,000. From $343,900 at the start of 2012, it lost another $24,400 to end at $318,900.
Albany, another municipality with only one TID, saw its district, the second oldest, begun in 1995, lose $341,000 last year to end at $4.8 million.
Brodhead's TID No. 2, from 1992 and now the oldest-existing TID in the county, and Brooklyn's only TID, the county's second youngest, lost six percent each in 2012. Brooklyn is out $264,000, and Brodhead TID 2 is down $293,000.
Brooklyn's TID began in 2008 at $4.4 million and has lost a cumulative total of eight percent so far, to end at $4.1 million.
Brodhead's TID 2 was begun in 1992 with $393,000. It is at $4.4 million today.
New Glarus TID No. 2 was down two percent to $17.2 million, having lost $339,000 in 2012.
Three remaining TIDs in Brodhead, Nos. 4, 5, and 6, lost one percent value each, totaling $29,600. All are up from their starting values.
All totaled, Green County TIDs are up $8.6 million, averaging 6.6 percent above last year.