Instructions For Wisconsin Real Estate Transfer Return (Page 2 of 4) in pdf

it applies. A Certified Survey Map (CSM) designation is also

property items include, but not limited to: refrigerators, stoves,

acceptable; if a certified survey map designation, type its map

household/office furnishings, boats & farm machinery.

number, volume and page number on an addendum. If more

(22) Enter value (whole dollars) of property exempt from local

than one lot and block, or if description will not fit in space

property tax. DO INCLUDE this amount on Line 18. Local

provided, check the box after 17c and attach legal description

property tax exempt items include, but not limited to: solar

as an addendum. Begin the legal on Line 16 and check the

& wind energy systems, waste treatment, manufacturing

box after 17c as the addendum will complete a long legal.

machinery & equipment, conveyors, vines and trees of

Even if an addendum is provided, Lines 11-15 and 17a, b &

perennial crops & manure storage facilities.

c must be completed on the form; the addendum replaces

Line 16 only.

PART V – INSTRUCTIONS FOR AUTHORIZED

(17 a-c) Enter section, township, and range in which the property

COUNTY / LOCAL OFFICIALS

is located. If property is located in more than one section,

The Register of Deeds should not record the deed unless

township and range, enter primary section, township and

the Real Estate Transfer Return is filled out completely.

range. “Primary” means where the improvements are located.

All information on the return is useful to the local assessor,

If vacant land, “primary” means where the majority of land

other municipal and county officials, and staff of the Wisconsin

is located. Line 17 may be left blank if Line 16 is completed

Department of Revenue who have a statutory responsibility in

wtih subdivision/condominium, lot/unit and block. Box after

the administration of Wisconsin tax laws. Section 77.22(1) of the

17c MUST be checked if an addendum is attached.

Wisconsin Statutes provides that “...submission of a completed

real estate transfer return and collection by the Register of the

A photocopy of the deed is acceptable as an addendum if all

fee shall be prerequisites to acceptance of the conveyance for

necessary information is shown on the deed.

recording.” Instructions for a completed return is on Form PE-

100, Criteria For a Completed Return.

PART IV – COMPUTATION OF FEE OR STATEMENT OF

EXEMPTION. MUST BE ORIGINAL DATA. NO

PART VI – TRANSFER

CHANGES, ALTERATIONS or CORRECTIONS

ALLOWED. RECORDING WILL BE REJECTED

(39) Mark the box(es) that appropriately describes the relation-

IF ALTERED.

ship. More than one relationship may apply.

(18) Enter total consideration paid or to be paid for the real estate,

Family relationship includes husband-wife, parent-children,

including any liens (mortgages) thereon in the space provided.

etc. Financial relationship includes corporate officer-

Value is to be rounded up to the nearest whole hundred dol-

shareholder, stockholder, sister corporations, lessor-lessee,

lars (e.g., sale price is $11,520; the value shown on Line 18

parent-subsidiary corporation. If “Family” or “Other” is marked,

would be $11,600). In case of a gift, nominal consideration

an explanation must be provided in space provided.

or exchange, enter the estimated current fair market value.

(40) Mark the box(es) best describing type of transfer. If “Deed

If the property was not appraised, the estimated fair market

in Satisfaction of Land Contract” is marked, enter month, day

value may be obtained from the most recent tax bill.

and year of original land contract in the space provided in Part

IV, Line 20b. If “Other” is marked, explain the kind of transfer

The value of the ownership interest transferred by the

(e.g. PER DIVORCE DECREE) in the space provided.

instrument of conveyance must be reported except for convey-

ances exempt under s. 77.25(3), (10), (13) and (17). Where a

(41) Mark the box describing ownership interest transferred.

partial interest is conveyed, the full value of the partial inter-

If “Partial” or “Other” is marked, explain in space provided

est should be entered on Line 18 and Part VI, Line 41 check

(e.g. 1/2 INTEREST IN ThE PARCEL TRANSFERRED). “Full”

“Partial” and explain.

includes original land contracts.

Do not include personal property as listed on Line 21, but do

(42) Mark which rights if any, are retained. One box must be

include local exempt property, shown on Line .

marked. If “Other” is marked, explain (e.g. TIMBER, MIN-

ERAL, IMPROVEMENTS ONLY) in the space provided.

(19) Enter the amount of fee due, in dollars and cents, in the

space provided unless one of the exemptions on Page 4 of

(43) Check appropriate box describing the grantor. If “Other”

these instructions applies. The fee is based upon a rate of

specify such as: church, municipality and government.

30¢ per $100.00 of value (or .003 per $1.00 of value); e.g.,

Line 18 is $10,000 x .003 = $30.00 fee. Fees for deeds in

PART VII – GRANTEE’S FINANCING

satisfaction of original land contracts date: 12/17/71 - 8/31/81

(44) Mark the box(es) best describing source(s) of financing.

10¢ per $100; 9/1/81 - 7/31/92 30¢ per $100.

NOTE: If any type of financing is provided by the Seller (credit,

Note: The fee is due at the time of recording original and

gift, donation to non-profit/charitable, land contract, etc.) the

memorandums of land contracts executed on or after

August 1, 1992.

box “Obtained from seller” MUST be checked along with any

other box describing other financing obtained by the buyer.

(20) Enter transfer exemption from fee number from Page 4

of these instructions in the space provided if this transfer is

PART VIII – PHYSICAL DESCRIPTION AND GRANTEE’S

exempt from the fee.

PRIMARY USE OF PROPERTY

• If exemption 3 [s. 77.25(3)] is entered, enter document

(45) Mark the box that best describes the type of property. Only

number (deed) it corrects on Line 20a.

one box should be marked. If “Other” is marked, explain

(e.g. TIMBER RIGHTS, MINERAL RIGHTS, AIR RIGHTS,

• If exemption 17 [s. 77.25(17)] is entered, enter document

EASEMENT, BUILDING ONLY, etc.) in space provided. If land

number on which the fee was paid on Line 20a and provide

is with well and septic only, mark “Land and Building(s).”

date of original land contract on Line 20b. Mark the box

indicating “Deed in Satisfaction of land contract” in Part VI,

PART VIII – PHYSICAL DESCRIPTION AND GRANTEE’S

Line 40.

PRIMARY USE OF PROPERTY, cont.

(21) Enter value (whole dollars) of personal property included

(46a) Predominant Use by Grantee – Mark the box best

in sale. DO NOT include this amount on Line 18. Personal

describing use by grantee.

Instructions For Wisconsin Real Estate Transfer Return Page 2

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