Section 74.315. Omitted property.

 

(1)   Submission. No later than October 1 of each year, the taxation district clerk shall submit to the department of revenue, on a form prescribed by the department, a listing of all the omitted taxes under s. 70.44 to be included on the taxation district's next tax roll, if the total of all such taxes exceeds $5,000.

(2)   Equalized valuation. After receiving the form under sub. (1) , but no later than November 15, the department of revenue shall determine the amount of any change in the taxation district's equalized valuation that results from considering the valuation represented by the taxes described under sub. (1) . The department's determination under this subsection is subject to review only under s. 227.53 .

(3)   Notice and distribution. If the department of revenue determines under sub. (2) that the taxation district's equalized valuation changed as a result of considering the valuation represented by the taxes described under sub. (1) , the department shall notify the taxation district and the taxation district shall distribute the resulting collections under ss. 74.23 (1) (a) 5. , 74.25 (1) (a) 4m. , and 74.30 (1) (dm) .

2009 a. 171 .