§ 12-108. Payment of taxes in advance

(a) The village hereby authorizes the payment of taxes in advance, pursuant to Wis. Stats. § 74.13.

(b) The village treasurer is authorized to accept payment of taxes in advance in installments of not less than $100.00. The total taxes paid in advance of the levy may not exceed the total taxes previously levied against the property, as shown on the previous tax roll. Such payment may be paid in advance of the levy during the period from August 1 until the third Monday in December.

(1) Deposits upon taxes on any property made under this section, upon completion of the tax roll, shall be credited to the tax assessed against such property. Funds so deposited by taxpayers are hereby declared to be trust funds and no part of such funds shall be available for expenditure by the village until such taxes become due.

(2) The taxation district treasurer shall hold general property taxes, special assessments, special charges and special taxes paid in advance of the levy. Those taxes, assessments and charges are subject to settlement under Wis. Stats. § 74.23. Any interest earned prior to settlement under Wis. Stats. § 74.23 on general property taxes, special assessments, special charges or special taxes paid in advance of the levy accrues to the taxation district to which the general property taxes, special assessments, special charges or special taxes were paid.

(3) Upon receipt of the tax roll, general property taxes, special assessments, special charges and special taxes which have been paid in advance shall be credited against the general property taxes, special assessments, special charges and special taxes against the property shown in the tax roll. If the total paid general property taxes, special assessments, special charges and special taxes paid in advance exceeds the total shown in the tax roll, the taxation district treasurer shall return the excess to the person who made the advance payment.

(Code 2006, § 3.12; Ord. No. O1-8-88, 1-26-1988)

refstatelaw

Advance payment of taxes, Wis. Stats. § 74.13(1).