Unrelated Business Income Report (PC-227)

• February 12, 2024 - Letters have been mailed to property owners for whom our records indicate their exempt property is taxed in part.
• Property owners of exempt properties that are taxed in part MUST file reports by March 15 every year.
• This form is to be filed in addition to the Biennial Property Tax Exemption Report that state statutes require you to file every even-numbered year.
• If you have any questions about this form, or your property's taxable status, please contact our office.

Downloadable Forms

• Unrelated Business Income Report (PC-227)
  • If your exempt property is taxed in part, you are required to also submit this form annually by March 15.
  • Instructions can be found on page two of the form.
• Biennial Exemption Report (PC-220)
  • If you have not already done so, PC-220 also needs to be filed by exempt property owners by March 31st of even-numbered years.

Guidance Specific to City of Milwaukee Properties

• Taxation District and county should read: ✓ City of Milwaukee, Milwaukee County
• Legal Description.  A legal description is the formal description of your property’s location and boundary.  Your property’s legal description can be found on your deed, tax bill, assessment notice, or you can look it up at assessments.milwaukee.gov.
• Parcel Number: The City of Milwaukee refers to Parcel Number as “Taxkey”.  We included this number on letters sent to property owners.  Your taxkey can also be found on your tax bill, assessment notice, or you can look it up at assessments.milwaukee.gov.