Sd Eform 0919 - Certificate Of Real Estate Value Page 2
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2CERTIFICATE OF REAL ESTATE VALUE [SDCL 7-9-7(4)]
As adopted by Administrative Rule 64:04:01:06.01
The Certificate of Real Estate Value form as adopted by administrative rule must be filed with “… any deed or contract for
deed dated after July 1, 1988 used in the purchase, exchange, transfer or assignment of interest in real property…”
This would include actual “deeds” such as warranty deed, quit claim deed, grantor’s deed, sheriff’s deed, trustee’s deed,
executor’s deed, administrator’s deed, mineral deed and similar deeds. Contract for deed would also encompass a
memoranda of a contract for deed, and addenda to contracts for deed, and notice of contract for deed.
A statute exception to the form being filed is for the State of South Dakota conveying highway right-of-way (SDCL 7-9-7.3)
Documents that do NOT need to be accompanied with a certificate of real estate value are: Divorce Decree, Probate
Decree, Easements.
The Box Labeled Owner Occupied is optional - - if it is completed, it must be completed by and contain signature of
Buyer only - - this box cannot be signed by an agent of the buyer, or anyone else. This is important to complete so as the
buyer may, if eligible, maintain the classification of owner-occupied on the property and receive the lower property tax
rate for that classification of property.
Any questions on this should be directed to the Property Tax Division of the Department of Revenue in
Pierre, SD (605) 773-3311
INSTRUCTIONS FOR COMPLETING SD PT-56 (Rev 6/05)
COURTHOUSE USE ONLY – This box is for county courthouse use only
Do Not Use
Seller Information – name, current mailing address of seller
Required
Buyer Information – name, current mailing address, new mailing address of buyer
Required
Owner-Occupied – this box has information to be completed by buyer only. Check either Yes or
Optional
No to each of the questions. For the question “Property will be occupied by buyer
on:” - - fill in date that buyer will be occupying the property
If the buyer owns any other residential property in the US, state where property is located
Legal Description – legal description of property involved in transaction
Required
(1) Date of Instrument
Required
(2) Type of Instrument – check which type of instrument is being recorded
Required
(3) Items involved in Transaction
(a) Offered for sale to the general public - -was general knowledge that the property was
Required
for sale – does not mean it had to be listed with a realtor.
(b) Relationship between buyer and seller
Required
(c) Was the property sold by the owner or an agent
Required
(d) Actual Consideration Exchanged
Required
(e) Adjusted price paid for real estate – actual consideration less any major items of
Required
personal property for which consideration was paid.
List major items of personal property involved in transaction, if any
Optional
(4) Was there Buyer Financing
Required
If yes - - must complete part 4(a)
(a) Type of Buyer Financing – check type of financing
Answer if contract for deed
If yes – must complete all items requested
Signature – Signature of seller, buyer or an agent, declaring an agent of whom
Required
Date
Required
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