Can property be partially exempt?
Yes, property can be partially exempt under the right circumstances. Property used in part for exempt purposes and in part for an unrelated trade or business for which the owner is subject to income tax under the Internal Revenue Code may be partially taxed on the portion that is attributable to the unrelated trade or business.

State statute section 70.1105 contains requirements for partial exemption. Besides the section 70.1105 requirements, owners seeking partial exemption must be aware of the leasing and rent restrictions in section 70.11's preamble. Wisconsin State Statute 70.11

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1. Can property be partially exempt?
2. If we are a tax-exempt organization for federal income tax purposes, do we automatically qualify for a property tax exemption?
3. If my organization currently owns property that is exempt, does additional property acquired by my organization automatically qualify for exemption?
4. If my organization does not own real estate, must it file an exemption application for its personal property?
5. Is there a filing deadline?
6. What if I miss the deadline?
7. Are there any other important dates?
8. Who makes the exemption determination?
9. Is the assessor required to notify me of the determination?
10. What if I disagree with the assessor's exemption determination?
11. If the exemption is granted, do I have further obligations?