WI SB576

Creates a property tax exemption for prefabricated recreational structures (such as travel trailers and campers) originally designed to be towed by a motor vehicle and used for temporary recreational, camping, travel, or seasonal purposes, including accessory decks, sheds, and porches

Exemption applies only to structures located in licensed campgrounds on land not owned by the structure owner, effective for property tax assessments beginning January 1, 2026

State will reimburse taxing jurisdictions beginning in 2027 for lost property tax revenue, with payments equal to the property taxes levied on these structures as of January 1, 2025

Municipalities must report to the Department of Revenue the amount of property taxes levied on these structures as of January 1, 2025, on behalf of themselves and other taxing jurisdictions

Department of Administration will make reimbursement payments to taxing jurisdictions on or before the first Monday in July each year