Form 488 (Rtc) - Realty Transfer Certificate Page 4
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5GEOCODE(S) _________________________________________________
REALTY TRANSFER CERTIFICATE
_________________________________________________
CONFIDENTIAL TAX DOCUMENT
_________________________________________________
The information contained in this certifi cate is confi dential
_________________________________________________
by Montana law. Unauthorized disclosure of this information
ASSESSMENT CODE: __________________________________________
is a criminal offense.
The Department of Revenue will change the name on ownership records used
for the assessment and taxation of real property when this form is fully and
accurately completed and signed. (Please read the attached instructions on
page 1 for assistance in completing and fi ling this form).
PART 1 – DATE OF TRANSFER (SALE)
Montana law requires this form be completed and may impose up to a
$500 penalty for failure to fi le a Realty Transfer Certifi cate (15-7-304, 305
_____________________________(MM/DD/YYYY)
and 310, MCA)
PART 2 – PARTIES
Please complete this section in full, if additional space is required, please attach a separate page
SELLER (Grantor)
Name
________________________________________________________
Mailing Address ________________________________________________________
(Permanent)
________________________________________________________
City _______________________________ ST _____ Zip __________
Seller Principal Residence
__Yes
__No
BUYER (Grantee)
Name
________________________________________________________
Mailing Address ________________________________________________________
(Permanent)
________________________________________________________
City _______________________________ ST _____ Zip __________
Buyer Principal Residence
__Yes
__No
Mailing Address ________________________________________________________
For Tax Notice
________________________________________________________
(If different)
City _______________________________ ST _____ Zip __________
PART 3 – PROPERTY DESCRIPTION
Please complete fully, if additional space is required, please attach a separate page
Legal Description: _______________________________________________________________________________
Attachment
_______________________________________________________________________________
Add/Sub _________________________________________________ Block __________________ Lot _____________________
County __________________________________ City/Town __________________________ Section _______ Township _______ Range ________
PART 4 – TYPE OF TRANSFER
Please complete fully, more than one may apply.
Transfer by Recorded Instrument
Sale
Gift
Barter
Nominal or No Consideration
Part of 1031 or 1033 exchange
Transfer is subject to a reserved life estate
Transfer by Operation of Law
Termination of joint tenancy by
Termination of life estate by
Court Decree
Merger, consolidation, or other
death
death
business entity reorganization
PART 5 – EXCEPTIONS FROM PROVIDING SALES PRICE INFORMATION
Please complete fully, more than one may apply
Gift
Transfer pursuant to court decree
Transfer in contemplation of death without consideration
Tax deed or sheriff’s deed
Transfer between husband/wife or parent/child for nominal
Foreclosure (include trustee transfer under trust indenture and deed in
consideration
lieu of foreclosure)
Transfer of property of the estate of a decedent
Merger, consolidation or reorganization of business entity
Transfer by government agency
Timberland/Forestland exemption
Correction, modifi cation, or supplement of previously recorded
Land eligible for Agricultural Classifi cation (15-7-201, MCA)
instrument, no additional consideration
Transfer to a revocable living trust
Termination of joint tenancy by death
Other (Specify Type) ____________________________________
Termination of life estate by death
PART 6 – SALE PRICE INFORMATION
Please complete fully, more than one may apply
Actual Sale Price $ ________________________
Value of good will included in sale $ ________________
Financing:
__Cash
__FHA
__VA
__Contract
__Other
Was an SID payoff included in the sale price? ____Yes
____No
Terms:
__New loan
OR
__Assumption of existing loan
Did the buyer assume an SID? ____ Yes
____ No
Value of personal property included in sale $ _____________
Amount of SID paid or assumed: $ _______________
Value of inventory included in sale $ ________________
Was a mobile home included in the sale? ____ Yes
____ No
Value of licenses included in sale $ ________________
PART 7 – WATER RIGHT DISCLOSURE -- This Disclosure is only applicable to the property identifi ed in PART 3 above
A. Property is served by a public water
B. Seller has no water
C. Seller is transferring ALL
D. Seller is dividing or exempting
supply, i.e., city, irrigation district, or
rights on record with
water rights on record
(reserving) water rights. Seller
water district provides water.
DNRC to transfer.
with DNRC to the Buyer.
must fi le Water Right Update form.
Seller (Grantor) Signature __________________________________________________ Date ________________________
PART 8 – PREPARER INFORMATION
Preparer’s signature is required
Name/Title _____________________________________________ (please print)
Signature ______________________________________________
Mailing Address ___________________________________________________
Daytime Phone _______________________________
City _________________________ ST _______ Zip ____________
Clerk and Recorder Use Only
Recording Information:
Document # __________________
Book _______________ Page____________________Date ___________________
__Warranty
__Trust Deed
__Quit Claim
__Grant
__Contract for Deed
__Decree
__Interest
__Bargain & Sale Deed
__Notice of Purchaser’s Interest
__Statement of Acknowledgement
__Termination of Joint Tenancy
__Tax Deed
__Benefi ciary Deed
__Other
Page 4
Buyer/Seller Copy
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