First Dollar Credit

Initiated by Governor Doyle in the 2008-9 Budget Bill, the credit reduces a real estate tax bill for parcels that have a building or structure on them. It is calculated by a base value multiplied by the equalized school tax rate.

It is not on vacant land, or personal property (not land but other taxable property usually mobile homes on other persons property). Land owners with multiple parcels with structures get this credit on all properties. It is applied to manufacturing, residential and commercial.

Lottery Credit

Only owner-occupied homes will be eligible to receive the Lottery Credit. If you received the lottery credit previously as a owner/occupant, you will be automatically pre-certified unless you have changed the legal description. If the Lottery Credit does not appear on your tax bill and you qualify, you can fill out a late claim form. Your local treasurer can apply the credit to your first installment or full payment before January 31st. After January 31st, you can still apply until October 1st through the Department of Revenue. Remember, this is for owner occupied residences only.

The Lottery rate and base value changes for each tax season. The lottery credit is the equalized school tax rate X a base value determined by the Department of Revenue.

The 2022 Lottery Credit amount is as follows:

Maximum Lottery Credit Value -- $27,900
Maximum First Dollar Credit Value -- $8,500