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Bill > AB831

WI AB831

WI AB831
Recording and taxation of real property containing a building, improvement, or fixture and consisting of no land. (FE)

summary

Introduced
01/06/2026
In Committee
02/20/2026
Crossed Over
02/18/2026
Passed
Dead

Introduced Session

Potential new amendment
2025-2026 Regular Session

Bill Summary

This bill makes changes regarding certain property tax assessment and real estate transaction procedures where a building, improvement, or fixture, but not the underlying land, is leased to a person other than the landowner or where a building, improvement, or fixture is owned by a person other than the person who owns the underlying land. In such situations, the bill requires the local assessor or real property lister to create a separate tax parcel for property tax purposes for the building, improvement, or fixture. The bill also requires property tax assessment rolls to contain descriptions of parcels that are based on the latest records of the office of the register of deeds, and authorizes real property listers to enter those descriptions on assessment rolls. Additionally, under the bill, transactions involving an interest in a building, improvement, or fixture but not the underlying land or certain manufactured or mobile homes are generally invalid unless evidenced by a conveyance that satisfies the requirements existing under current law for transactions involving an interest in land. Current law requires that for a transaction involving an interest in land to be valid, the transaction must be evidenced by a conveyance that, among other things, identifies the parties, land, and the interest conveyed and that is signed by the grantor. Also, under the bill, a register of deeds must record in the county real estate records index declarations of ownership interest, and conveyances of such interests, in parcels containing a building, improvement, or fixture and that consist of no land or parcels consisting of certain manufactured and mobile homes not subject to a municipal permit fee. The bill authorizes real property listers to verify, before recording, the accuracy of such declarations presented to the register of deeds for recording. For further information see the local fiscal estimate, which will be printed as an appendix to this bill.

AI Summary

This bill aims to clarify and formalize the taxation and recording of property that consists of a building, improvement, or fixture but not the underlying land, often seen in situations like leased buildings or manufactured homes. It mandates that local assessors or real property listers create separate tax parcels for these structures, ensuring they are assessed for property taxes. The bill also requires that property tax assessment rolls accurately reflect the latest records from the register of deeds, which is the office responsible for recording property-related documents. Furthermore, transactions involving these types of properties, or certain manufactured/mobile homes, will generally be considered invalid unless they meet the same legal requirements as land transactions, meaning they must be documented by a signed conveyance that clearly identifies the parties, the property interest, and the interest being transferred. The bill also requires registers of deeds to maintain an index of ownership declarations and conveyances for these specific types of properties, and allows real property listers to verify the accuracy of these documents before they are officially recorded.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Available for scheduling (on 02/20/2026)
(1 Companion Bills)

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