Wisconsin Administrative Code
Public Service Commission
Chapter PSC 109 - Tax equivalent for municipal utilities
Section PSC 109.01 - Definitions

(1) "Assessment ratio" means the decimal fraction rounded to the nearest ten thousandth obtained when the assessed value of all taxable nonmanufacturing property as taken from the clerk's statement of assessment filed with the department of revenue is divided by the value of all taxable nonmanufacturing property in the taxation district as determined by the department of revenue prior to adjustments under s. 70.57, Stats.

(2) "Gross book value for the calendar year" means the book value as of January 1 of that year.

(3) "Local and school tax rates for the calendar year" means those rates established by local authority for the same calendar year.