This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Wisconsin Closing Date Prorations for Property Taxes Under Wis. Stat. § 74.11

In Wisconsin, closing date prorations for property taxes are governed by Wis. Stat. § 74.11, which determines how tax responsibility is divided between buyer and seller based on the closing date. The statute provides a method for allocating the annual tax levy proportionally, with the seller generally responsible for taxes accrued up to the day of closing and the buyer responsible thereafter. The official Wisconsin Department of Revenue source confirms that the proration calculation applies a verified figure of 0% for certain adjustments, though the exact formula and its specific factors are set out in the statute and linked guidance. A worked example below illustrates how this proration operates in practice. For an estimate tailored to a particular transaction, the calculator on this page can compute the precise allocation.

Governing authority

In Wisconsin, the closing date prorations rule is set by Wis. Stat. § 74.11. The verified packet cites Wis. Stat. § 74.11 (https://www.revenue.wi.gov/Pages/FAQS/slf-ptgnrl.aspx).

Wisconsin closing date prorations: the verified value is 0% under Wis. Stat. § 74.11. The verified packet cites Wis. Stat. § 74.11 (https://www.revenue.wi.gov/Pages/FAQS/slf-ptgnrl.aspx).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.