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Funding and property tax revenue from Foxconn and other businesses in the district are being used to pay back these costs over 30 years. [44] A tax-increment financing district (TID No. 5) was formed in 2017 to pay for a $764 million investment to support the project at the local and regional levels. This was later increased to $911 million. [1]
Village officers include a president, clerk, treasurer, and assessor. Villages may also elect to hire a village manager to oversee day-to-day operations instead of an elected village president; nine villages had done this as of 2015. An additional 77 villages in Wisconsin employ village administrators. [1]
Pleasant Prairie Premium Outlets was opened in 1988. [25] The mall is a large, outdoor shopping center just east of I-94 at the Highway 165 exit, and often lures shoppers from the Chicago area. It has over 90 stores, many of which are factory outlets for major national brands. [26] The Village of Pleasant Prairie has no downtown.
For the owner of a $100,000 home in the Pleasant Local district, this one mill increase is an increase of $35 per year. Amid community frustration, Pleasant board approved internal tax shift ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Before construction on the mall was complete, McArthurGlen offered to sell an ownership stake in the property as the developer tried to raise funds for future projects. The opening of the much larger Gurnee Mills outlet mall, 10 miles south of Pleasant Prairie, in August 1991 added new competition for both of Kenosha County's outlet malls. [11]
Wisconsin collects personal income taxes which range from 4% to 7.65% based on five income brackets. The state sales and use tax rate is 5.0%. Fifty-nine counties have an additional sales/use tax of 0.5%. [163] The most common property tax assessed on Wisconsin residents is the real property tax, or their residential property tax. Wisconsin ...
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