WI AB60

Referendum ballot questions for property tax levy limit increases must include a good faith estimate of the annual dollar amount difference in property taxes on a median-valued, single-family residence, along with the property value used in the calculation.

Bond referendum questions must now disclose the estimated interest rate, total interest amount, and any fees that would be incurred if bonds are defeased.

Requirements apply to counties, cities, villages, towns, school districts, and technical college districts seeking voter approval to exceed property tax levy limits or issue bonds.

For variable-rate bonds, the ballot must show interest calculations using both the lowest and highest applicable rates over the bond term.

The new requirements take effect 90 days after the bill's effective date.