The credit is obtained by entering into an agreement with the State of Wisconsin or through Exclusive Agricultural Zoning in the towns of Coon and Harmony.
The amount of credit is determined by a formula that takes into account the amount of property taxes paid and the amount of all sources of income. A minimum of 10% of property taxes is available regardless of income up to a maximum credit of $6,000.00. The average credit received in Vernon County has been around $1,100.00. An estimate of the amount of credit can be obtained as follows;

• Total income from Wisconsin Form 1 or 1A including claimant’s income, spouse’s income and the farm income earned by dependant children under age 18
  
  
• Add to #1 above the amount of farm depreciation in excess of $25,000, non-farm business losses, non-farm depreciation, capital gains, gain on the sale of principal residence, dividends, contributions to individual retirement accounts and Keogh plans, intangible drilling costs, depletion allowances, gain on the exercise of qualified or restricted stock options, capital loss carry forward, amortization, unemployment compensation, social security and SSI payments before any deduction of Medicare premiums, support money, veterans’ pensions and disability payments, interest on U.S. securities, workers compensation and loss of time insurance, cash public assistance and relief, scholarships, fellowship grants and GI Bill benefits, nontaxable military compensation or cash benefits, minister’s housing allowance, value of resident manager’ s free or reduced rent, nontaxable income of an American Indian, nontaxable income from sources outside Wisconsin, nontaxable deferred compensation, income from a nonresident or part-year resident spouse who is married to a full-year resident, and pensions, annuities and railroad retirement benefits unless already included in income elsewhere.

Use the total of these sources of income to find the row in the attached table, which most closely represents your income. Move along the income row to the column which represents the amount of property taxes paid. The amount in the table represents the potential property tax credit.