EXPLANATION OF FIRST DOLLAR CREDIT
To qualify for the First Dollar Credit the parcel must be a taxable parcel and contain a real property improvement. This includes business, commercial and private property. Unlike the Lottery and Gaming Credit, the property does not have to be the primary residence of the owner. Property containing only personal property improvements (no real property improvement) will not quality for this credit. The First Dollar Credit is applied (divided) equally over each installment. This credit should automatically be applied to qualifying parcels; however, if you did not receive this credit and you feel you qualify, please contact the City of Lake Mills Treasurer’s office.
